Same product, same services, yet a different price tag. Have you ever imagined, why? The obvious answer is: Brand name. It is a definite yes. However, a customer is offered a much better service, in return. Or maybe, you just think so. Often, a low priced alternative beats the other in terms of quality. The obvious question is how. The argument could be- bigger brand use high-end devices, that assure better services, and that is what we pay them for. The other side of the coin is probably the cheaper brand has found an alternative to the processes involved in a far lesser price. Or, maybe they have just skipped a few redundant steps, that was involving unnecessary investment.

To be true, every production unit has one such loophole that needs to be audited closely. The process is called cost-reduction and it only shows up with an in-depth auditing. The process needs to recalculate all the factors involving the concerned department and the departments linked to it. On a larger scale, every single percent of cost deduction can result in great outputs.

Ken Kremsky sets an example here, what a potential Finance Manager can do. Ken Kremsky has worked for Cost Accounting for over two decades now. He has managed saving 75 million USD every year, for his clients, through his financial strategies. Looking closely through his professional career, we find that probably, it his ability to map the processes that help him cut the prices with that ease.

Ken Kremsky often maps out the entire process starting from the raw inputs to the finished product through Packaging. It helps him realizing all the intermediates involved and the investments done. The mapping helps him to map out project optimizations and hence, the productivity targets.

Isn’t that too easy? No, it is not. It took Ken Kremsky years to master that art. Cost Management is never easy, as you need to cut the prices without tampering through the product quality. We are glad; someone does that in and around North America that effectively. Just give him a call, give him a week worth of time to map out your processes accurately, and you are on the roll. Get ready to get your input costs reduced, without any tampering on the product quality. Get ready to compete in your market, in a far-reduced price, which is a sales-booster in itself.


https://www.youtube.com/watch?v=AaRaRIr7Dg4