Rising input costs and a hypercompetitive global market can deliver a one-two punch to corporate profitability. Intense competition leaves little or no room to raise prices of goods and services at par with higher input costs. An effective — yet challenging — strategy to achieve a better top and bottom line is to control costs.
How can enterprises embark on a high-impact cost reduction journey underpinned by consistent and end-to-end visibility into all input costs?
An insightful paper from GEP — Cost Breakdown Analysis: The Final Frontier in Cost Cutting — discusses a highly effective technique that drives input cost visibility, helping procurement leaders evaluate competitiveness of current prices and the economic impact of executive decisions. The paper also cites specific examples to underline the utility and effectiveness of this methodology.