Cost Breakdown Analysis The Final Frontier in Cost Cutting

Cost Breakdown Analysis The Final Frontier in Cost Cutting

Input into cost visibility can be obtained using a technique called "Cost Breakdown Analysis". It is the process of building up and understanding the elements, which compose the cost of a product or service procured. For an organization's senior management, Cost Breakdown Analysis is an effective technique that helps evaluate competitiveness of current prices and the economic impact of executive decisions.