How well do you understand your cost structure and how do you keep up with rapid changes?
- What’s happening to your raw material prices?
- How are your product volumes changing?
- What impact should your capacity utilization have on cost?
- Which assumptions are embedded in your standard cost accounting?
- How are your lean process improvements affecting your direct labor and cost structure?
How are you reflecting volume and product mix changes in your cost information?
How many quotes are you losing? What issues are surfacing in the RFQ process?
What is your process to develop pricing and pricing strategies?
Which products have you identified to invest in, and which should be discontinued?
What is your process to develop pricing and pricing strategies?
What proactive decisions are you making to accommodate for the rapid change?
In regards to, Products, Overhead, Capacity, and/or Management Support
What happens to your standard cost as volumes change? What about your pricing?
Are you increasing pricing? What would happen to your market share?
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