Understanding product profitability is essential to all sorts of decisions your organisation makes. The better your understanding, the more profitable your decisions will be.
From pricing negotiation to how you deploy your resources, from identifying the products that you should focus on to highlighting the products that no longer bring in the profits, an accurate evaluation of the four pillars of product profitability is central to ensuring you make the right business decisions.
This webinar, run by Steve Mainprize, will talk about why this is so important, and highlight the four principles that will help you understand the profitability of your products and manage your business better.
The webinar will give you insight into:
- Why non-attributable costs should NOT be allocated directly to products
- The importance reflecting cause-and-effect in cost allocation
- The reasons shared services should be included
- How to choose the appropriate level of detail for modelling your business
If you'd like to submit questions in advance of the webinar, please do so via the registration form. If they are not covered off during the session, we'll make sure they are included in the Q&A session.