Costing & Pricing for Competitiveness

December 06, 2016
8:30am - 12:00pm
DVIRC
2905 Southampton Road Philadelphia, PA (map)
$225.00
Reserve Your Seat Add to Calendar 06-12-2016 8:30am 06-12-2016 12:00pm 15 Costing & Pricing for Competitiveness Costing & Pricing for Competitiveness DVIRC, 2905 Southampton Road Philadelphia, PA DVIRC info@dvirc.org false DD/MM/YYYY

This half-day workshop will teach participants how to update work center costing so that quotes have maximum profit margins and are marketplace competitive. We will walk you step by step through the activities required to translate your company’s financial information into accurate costs that become winning quotes. Learn the process that over 100 area manufacturers have followed to help them price their products and quote jobs successfully.

Benefits

  • Learn to calculate the full cost of employees and how to group or allocate them to avoid using factory-wide rates for direct labor
  • Recognize the economic value of older equipment that is used every day but has no depreciation expense on the financial statements
  • Segregate overhead to cost categories that are most relevant to how the company works
  • Understand the impact of fixed and variable expenses on overhead allocation
  • Combine these cost categories as they apply to the different products and jobs that you quote so that marketplace competitive margins can be optimized

We will provide a pre-formatted sample spreadsheet for you to follow on your laptop, tablet or on our screen. This sample company will illustrate the key calculations that you will be making to create the work center rates that will support
successful quoting.