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Learn the definition, calculation, and importance of cost of goods sold (COGS) for accounting and tax purposes. COGS is the carrying value of goods sold during a period, including costs of purchase, conversion, and inventory.
Markup is the difference between the selling price and the cost of a good or service. Learn how to calculate markup, profit margin, and markup percentage, and how markup affects aggregate supply and pricing.
Some practitioners of PCM are mostly concerned with the cost of the product up until the point that the customer takes delivery (e.g. manufacturing costs + logistics costs) or the total cost of acquisition. They seek to launch products that meet profit targets at launch rather than reducing the costs of a product after production.
Pricing is the process of setting the price of a product or service based on various factors, such as cost, market, competition, and quality. Learn about the different approaches and methods of pricing, as well as the concepts of price elasticity, break-even analysis, and dynamic pricing.
Sales and operations planning (S&OP) is an integrated business management process that aligns supply and demand across functions and time horizons. Learn about the definition, scope, process, goals, inputs, outputs and maturity models of S&OP.
Price proportion cost: The price proportion cost refers to the percent of the total cost of the end benefit accounted for by a given component that helps to produce the end benefit (e.g., think CPU and PCs). The smaller the given components share of the total cost of the end benefit, the less sensitive buyers will be to the components' price.
Cost to serve (CTS) is a tool to calculate the profitability of serving a customer or customer type based on business activities and overhead costs. It can be used to analyse supply chain costs, optimize service mix and operational changes, and improve margin.
Supply chain management (SCM) is a vital process in many companies today and several are integrating this process with a revenue management system. On one hand, supply chain management often focuses on filling current and anticipated orders at the lowest cost, while assuming that demand is primarily exogenous.