Cost Management

Cost management is a key tactic for driving profit growth. We can help you with:

• Budgeting – using budgets to identify financial results, trends, and potential need for spending trade-offs.
  
  
• Cost Standards Development – With professionally created cost standards, you can identify unnecessary expenses in your purchasing, manufacturing and shipping areas, and know where to take action.
  
  
• Activity-Based Cost Analysis – This is a type of analysis that identifies costs across the entire organization and assigns them to services, products and customer activity. It is particularly valuable tool for service businesses, or any organization that has a high percentage of indirect costs, in order to identify lines of business with especially low and high profit margins.
  
  
• Purchasing Practices Assessment – Attaining lower purchasing costs requires a series of precise steps: centralizing purchasing requirements, adopting best contracting processes; qualifying new suppliers, and having suppliers bid competitively for your business.