Building a Smarter Business – The Cost of Goods

  • by Tom Larsen | Nov 20, 2013 |
  • Operations, Organization, Planning, Product Development |

The foundation of the widget based business, whether the widgets are medical devices, consumer products or packaged foods, is the Cost of Goods (COG). Every decision that is ever made in the business is built on the fundamental knowledge of “what does it cost completely, to make one selling item”.