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.
|Year of publication:||
|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
Yu-Lee, Reginald Tomas, (2002)
Margin Improvement: More than a Notion - Capacity mapping allows companies to see exactly how processes perform, shows the financial and operational impact of changes on processes, and provides accurate margin-related data. The impact? Dramatically increased ability improves margins resulting from a clear understanding of capacity and cost dynamics.
Yu-Lee, Reginald Tomas, (2005)
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)
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