5 min read
Iván Arroyo | Nov 20, 2024
Imagine running a company without really knowing how much it costs to produce what you're selling. How could you set competitive prices, identify profitable products, or decide where to cut expenses?
When it comes to developing pricing strategies, the terms *Pricing* and Revenue Management often come to mind. People tend to confuse them and use...
In business management, optimizing resources and controlling expenses are key priorities. One of the most effective methods to achieve these...
Imagine you are managing a factory and need to know how much it will cost to produce a new product.
In the previous article titled "TDABC: The Revolution of ABC Models," I explained what time-based costing models are and their advantages over...
If you’ve read my article titled “Top Tips for Making Your Cost Model a Total Disaster”, you’ll know that one of the factors that can kill a cost...
Throughout my career, I have seen that after months of tremendous effort in creating a cost model and after investing many thousands of dollars and...
When building a cost model, the main concern is ensuring that the model "balances," meaning that all inputs match the outputs, ensuring nothing is...
The idea of ABC costing is not new; rather, it dates back to the 1970s, with its development primarily attributed to two accounting professors:...
What are OKRs? We're talking about a goal-setting methodology that helps us define and follow ambitious goals within our organization. OKR stands for...
