Cost Management

Explainer: Finding the Right Cost

Monday, February 17, 2025 · Norman Katz
Runaway costs eat away at money that could have been used for the benefit of the company like upgrading software systems, hiring additional employees, or training employees. That means root-cause analysis is required to identify all costs.

The Perfect Order: Right Cost

Monday, February 17, 2025 · Norman Katz
The Right Cost is not the lowest cost but is the necessary cost to ensure that the order is perfectly conveyed for use or sale based on the customer’s requirements and expectations.

Managing procurement in a price-sensitive environment

Friday, August 2, 2024 · Brian Straight
Chief procurement officers face challenges in securing materials and supplies in a volatile supply chain yet still controlling that spending.

5 strategies for energy market cost and risk reduction

Monday, May 20, 2024 · Bob Wooten, C.P.M., CEP; Mark Trowbridge, CPSM, C.P.M. MCIPS; and Claudette Calder, MBA, CPSM
Electricity and natural gas costs are major factors in the profitability of companies in all industries, but especially in key parts of the supply chain. There are strategies to better control these costs.

5 strategies for energy market cost and risk reduction

Sunday, May 19, 2024 · Bob Wooten, C.P.M., CEP; Mark Trowbridge, CPSM, C.P.M. MCIPS; and Claudette Calder, MBA, CPSM
Electricity and natural gas costs are major factors in the profitability of companies in all industries, but especially in key parts of the supply chain. There are strategies to better control these costs.

Strategic cost savings differ from cutting costs

Thursday, May 9, 2024 · Brian Straight
When the term cost control gets tossed around, it often means layoffs. But a strategic approach to controlling costs is more effective and can often strengthen organizations, argues Boston Consulting Group’s Laura Juliano.
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