What is cost management?
In a world where every dollar counts, cost management is less about finding magical solutions and more about making practical, informed decisions.
Blog to share ideas, experiences and the vision of how to adopt better Customer Experiences in our organizations.
4 min read
In a world where every dollar counts, cost management is less about finding magical solutions and more about making practical, informed decisions.
5 min read
In a market where more and more companies compete for efficiency and profitability, knowing the exact cost of producing goods or services can be the...
5 min read
Imagine running a company without really knowing how much it costs to produce what you're selling. How could you set competitive prices, identify...
6 min read
In business management, optimizing resources and controlling expenses are key priorities. One of the most effective methods to achieve these...
5 min read
Imagine you are managing a factory and need to know how much it will cost to produce a new product.
4 min read
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...
6 min read
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...
4 min read
When building a cost model, the main concern is ensuring that the model "balances," meaning that all inputs match the outputs, ensuring nothing is...
5 min read
The idea of ABC costing is not new; rather, it dates back to the 1970s, with its development primarily attributed to two accounting professors:...
4 min read
It's hard to imagine a company these days that doesn't use Excel. Not only are we very accustomed to using it, but it's also a powerful tool that has...