The Reality of Costs - A traditional measure of cost is expressed as the sum of fixed and variable costs. But that model is based on the assumption that all costs are either independent of production volumes or vary with respect to production volumes. The author argues that pricing should reflect the value that the product creates for the consumer rather than the company's need to recover costs.
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|Authors:||Yu-Lee, Reginald Tomas|
Industrial management : the magazine for better management in industry. - Norcross, Ga. : Institute of Industrial Engineers, ISSN 0019-8471, ZDB-ID 4108498. - Vol. 42.2000, 4, p. 29-33
Inventory is Not Cash - The relationship of inventory value to cash flow is more complex than most people imagine. For example, contrary to popular thinking, reducing inventory value doesn't necessarily lead to improved cash flow.
Yu-Lee, Reginald Tomas, (2004)
Create Bullet-Proof Value Propositions - Before you tout the financial benefits of the project you plan to implement, be sure you understand the true value the company will derive. Remember, for example, that making business processes faster doesn't necessarily lead to cost reductions. Once you understand explicit cost dynamics, you'll be able to identify and communicate the true value of your ...
Yu-Lee, Reginald Tomas, (2006)
Yu-Lee, Reginald Tomas, (1998)
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