Tuesday, October 20, 2009

Real Time Cost Data Help Increase Revenues

Operational leaders are relentless in driving efficiencies into an organization and cutting costs. Without real time data you will always be reviewing the past. Not having immediate access to their actual costs does not allow for immediate decisions to redirect or make adjustments.


Real time cost management can give you a competitive advantage to significantly boost the bottom line.

Access to real time cost figures enables:

New sales opportunities to be evaluated for decisions that will help win the most profitable business with increased margins
Timely decisions by sales and operations planning teams of how to price and when to be aggressive
Improved production flow and the prioritization of orders in the factory to optimize revenues while minimizing costs
Help manage inventory cost by keeping the correct amount at the right place at the right time
Help focus on the higher cost processes for continuous improvement priorities
A cost management capability gives visibility into operational costs allowing the opportunity to improve margins and increase revenue.

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