How to build a cost model people will actually use?
For years, I've seen many organizations build cost models with the same energy with which someone puts together a thousand-piece puzzle... without...
Costs
When high sales don’t mean high profits: rethinking client value
A few years ago, in a strategy session with the financial team of a multinational company in the industrial sector, I heard this phrase that I will...
The quality of your model depends on the quality of your drivers
When building a cost model, the main concern is ensuring that the model "balances," meaning that all inputs match the outputs, ensuring nothing is...
Top tips for making your Cost Model a total disaster
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...
What is cost management?
In a world where every penny counts, cost management isn't about finding magic bullets, it's about making prudent and informed decisions.
What are Cost Centers?
In business management, optimizing resources and controlling expenses are key priorities. One of the most effective methods to achieve these...
Characteristics of a B2B eCommerce that will allow me to reduce costs
One of the biggest challenges for any company is how to reduce costs and it is even more difficult to do so without harming customer service,...
How to improve my current cost structure in business management
The costs are the expenses incurred for the manufacture of a product or costs to provide a service, the great challenge facing companies is how to...
3 Low-Cost Tips for Increase Sales in Your E-Commerce
Companies go to great lengths to move their business from an analogous similar to a digital economy. Making the decision to implement an eCommerce...
TDABC: The Revolution of ABC Cost Models
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...
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