October 2007
Intermediate to advanced
256 pages
4h 41m
English
book
Supply Chain Cost Management: The AIM & DRIVE® Process for Achieving Extraordinary Results
by Jimmy Anklesaria
Content preview from Supply Chain Cost Management: The AIM & DRIVE® Process for Achieving Extraordinary Results
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Developing Cost Drivers in Formula-Based Costing
Figure 5-1 illustrates the fundamentals of Formula-Based Costing. Study it well. This could be the magic formula that opens the doors to a new way of thinking about measuring cost.
Figure 5-1. Understanding formula-based costing.
Points to Remember in Formula-Based Costing:
The logical end of a formula is the Revenue Driver. Sometimes it is hard for a team to determine where to stop stretching a formula. The general rule is that a formula should end with a revenue driver. In other words, what is the ultimate source of revenue for which this cost is being incurred?
There is only one Revenue Driver ...
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