The first step is to admit you haven’t done a true Margin Analysis… Part 2 of a recent conversation with Halden Group’s Michael Kristensen, Jr.September 24, 2019 9:23 pm
An important component within margin analysis is Landed Cost. Most companies know that they pay X dollars for a product. Where they often lose margin is the extra costs of acquiring that product in freight and handling charges from 3rd party logistics vendors, distributors, etc.
Margin Analysis is one thing I love about what I do at Halden Group. It’s very satisfying to work with a client to analyze, develop, and implement a more disciplined and automated approach to tracking landed costs, COGS (Cost of Goods Sold), product margins and more
We will be posting more conversations from Michael, Jr. as well as other Halden Group leaders soon, so stay in “the know” by following follow Halden Group on Twitter, LinkedIn, Facebook and Instagram.