Do all of your products and services generate both profit and cash for your business?
It is our experience that many businesses review their overall business performance but not all businesses assess the profitability of the individual products and services they supply. Assessing product and service profitability can be complex, but without doing so a business may believe they are making sales at a profit but in fact they may be doing so at a loss.
We have worked with organisations, to understand their cost structure and the relationship between the costs incurred and the products and services sold, sometimes referred to as activity based costing or activity based management. Our experience is that this highlights areas where businesses incur losses they aren’t necessarily aware of, and addressing these areas can improve overall business performance, profits and cash.
For an initial discussion call George Watts on 01302 842831 or use our contact page