by Jerry Collins | Mar 9, 2020 | Uncategorized
COST vs PRICE As a definition, COST is the sum of factors that adds up to explain how much it really costs to make a certain product: material, transformation value added, overheads, and scrap. The PRICE is the COST plus the margin or profit. This profit is a factor...
by Jerry Collins | Mar 3, 2020 | Uncategorized
Rate and Usage (Debunking the complexity behind cost models) Cost models are a very complex set of equations that can be basically explain very simply, Rate X Usage. This explanation is a great training aid and helps win over skeptics. This all boils down to RATE X...
by Jerry Collins | Mar 3, 2020 | Uncategorized
Quotes VS Cost Breakdowns When I started at my previous employer one of the first things I did was to ask for a copy of some of the supplier quotes. To my surprise these were usually noting more than a paragraph or two stating the price and volumes. When I asked where...
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