Chapter 7
Cost Management for Profitability
One of the areas that many organizations overlook is the management of operational costs in the business. The one area that the organization can directly control is the cost to operate the business. I have had a great deal of experience looking at the cost structure of businesses, and it is the exception when the management has an understanding of what products actually are contributing to the business. Most managers think they understand, but few actually do. The cost of operating a business is not always properly understood. If a business does not have a complete understanding of the cost structure of the business, the sales organization can be selling products that lose money. The worst nightmare ...
Get The Toyota Kaizen Continuum now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
