The Product Costing Blog

Your company's financial reports might be telling you everything about departmental costs, but are they showing you where real profit opportunities hi...

In manufacturing, most cost-saving efforts come after the design is finished.
But by that stage, you’re locked in. The tooling is built. The processes ...

Negotiating with suppliers isn’t just about driving the price down. It’s about understanding what you're paying for and why.

When engineering teams a...

Imagine you’re in a design review.

The engineering team is proposing a new assembly. It’s clever, functional, and possibly overdesigned.

Procurement...

In manufacturing, cost estimation is more than just a budgeting exercise, it's the foundation for pricing, profit, and long-term business health.

Yet...

Activity Based Costing (ABC ) is a systematic approach for categorising and understanding the cost of your product, in a way that helps you to make be...

When we talk about the costs involved in manufacturing a product, it's common to break these down into three main categories: materials, labour, and o...

Getting to Grips with Product Costs

Before you slap a price tag on your product, it’s vital to fully understand what it costs to make it. This isn't ...

Different businesses have diverse strategies when it comes to pricing their products. The approach a company chooses can significantly impact its prof...