Managing rising costs from overheads and sales
In an ideal environment, all businesses would be tracking costs (and therefore profit margins) on a weekly basis to identify the key variable costs and the factors that are causing them to increase or decrease.
But how many of us really have a handle on product mix, margins, production inefficiencies, input prices, discounts, stock turn, general overheads, marketing campaigns, sales enquiries versus conversions and all the other factors that, in combination, add up to total organisational cost?
Yet, without much of this information, we are not armed with the tools we need to make the decisions that will drive down costs, improve stock management and enable us to select the most appropriate channels to market.
Within the broad category of “managing rising costs from overheads and sales” identified by our survey respondents as a major issue there were a number of sub-issues that each received numerous mentions.
If you would like to know how we helped to meet each of these needs by working with a specific client, just click on the link to be taken to a brief case study:
We would welcome the opportunity to talk to you about how our expertise in business processes and business solutions could help you to identify and manage costs, both internal and external.
Read more about the business solutions we provide to tackle cost challenges by clicking the links below:
Cost Challenges & Business Solutions
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ERP
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CRM/
XRM
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Financial
Management
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Supply
Chain
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Manufac-turing
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BI
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Portals/
e-com
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Document
Management
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Custom
software
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Sourcing / Effective procurement
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Improving routes to market
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Stock management
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Supplier relationships
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Multi-channel retailing
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