Cost Analysis – Operations
By Eric Johnson As we think through cost analysis opportunities, whether during times of crisis or during routine analysis, a key focal point is reducing extraneous costs to the business while maintaining the tools, processes, and skill sets that provide the value proposition to the customer. After hearing rumors in the marketplace that a new market entrant was poised to potentially steal market share in its home market, the COO of a concrete manufacturer decided to embark on a cost cutting initiative in anticipation of two potential scenarios; the first being a preemptive strike in lowering prices to give the new entrants