Are You Leaving Money
on the Table?
To implement a profitable pricing strategy, you must understand your Pocket Price, which includes all of the off-invoice charges accrued in your ledger but but not driven back to the specific customers that have incurred the cost.
For example, many companies have rebates, freight, volume discounts, warranty expenses, promotional expenditures, and more that are captured only on a ledger - but not driven back to the costs associated with that specific customer.
Training Services
In addition to our consulting practice, we offer training opportunities that will enable you and your people to acquire the skills to implement solutions to improve bottom-line performance. We offer one day and three day sessions and we conduct them on site at your facility.
Learn more about our training services
Cost-to-Serve in the Nation's Largest Frozen Foods DSD
The determination of customer and product profitability in a direct store delivery network servicing more that 62,000 customers with over 1,500 SKUs was a classic cost-to-serve exercise.
From the manufacturing warehouses, to the distribution centers, to delivery, stocking and shelf merchandising, this engagment developed the data, skills and toolsets to actively manage customer and product portfolio profitability.
Cost System Tuning and Implementation
Cost accounting is fundamental to competitive advantage and can prevent margin erosion, identify underperforming processes and improve capacity utilization. Our work, integrating with process improvement efforts saved $3.3 million.
Too many firms have neglected or misunderstood the importance of this tool. This leading hydraulics manufacturer has tuned their cost accounting system to maximize its contribution to bottom line profitability.
Quantalyst Blog
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Standard Costing and its Role in the Bundled Payments for Care Improvement Initiative
With the advent of the Affordable Care Act, a number of new tools are under consideration to improve health care quality and to lower costs. One promising initiative spearheaded by the Centers for Medicare & Medicaid Services is the bundling of payments for an episode of care. How can provider groups manage the contracts in terms of cost, quality and utilization? Standard costing has a role.
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Three Reasons to Double Down on Cost
Your cost accounting systems are designed to be a driver of process efficiency – raising cost’s importance in this period of trying economics. Here are three reasons why you should be paying more attention to your cost systems.
Quantalyst Founder
Dean Baker Explains
Profit Analytics
Watch a video in which Dean Baker explains some of the concepts behind cost and profit analytics.
In just a few minutes, you can understand how these techniques can help your company or division operate more profitably by leveraging your existing systems infrastructure and putting new business processes in place.
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