Are you costing yourself out of profitability?
Modern Casting › Vol. 84 Nbr. 8, August 1994
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Are you costing yourself out of profitability?
In determining the value of their product, some foundries make common mistakes that affect the bottom line.
In the perpetual effort to increase profitability, most foundries focus mainly on lowering production costs--always a good idea--but fail to properly address cost and price management. The fact is, implementing an effective costing and pricing system can add 2-4% to the bottom-line performance of a typical foundry. Simply defined, ...See the full content of this document
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