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Category Archives: Costing
Expected vs. Actual
Last week’s blog post provoked quite a response. If you remember, we talked about optimization procedures and cost management of your own fleet. Some had difficulties understanding why companies install $6,000 or more in terms of equipment on their trucks … Continue reading
Posted in Costing, Management
Tagged Accounting, activity based costing, actual vs. expected, balanced scorecards, costing, Food, Meat, yield
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Freight Optimization in the Food Industry
If you walk through a big box retail store of your choice, you may notice that some of the food items you can buy have the lowest costs per lb in average across the entire assortment. I know from practical … Continue reading
Posted in Costing, Organization
Tagged benefits, board computers, freight, freight costs, optimization, payback time, ROI, truck monitoring
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Feature Definition: Freight Cost Optimization
The food industry is a very competitive business which makes it imperative to manage costs well. Freight costs are probably the next most important block of costs, after yields (management of material costs) and labor efficiencies. Freight costs can have … Continue reading
Reports to manage a food business
Have you ever questioned the reports you are looking at on a daily bases? Perhaps you should! I frequently visit companies in the food industry and advise them on viable solutions to improve their business. On a regular bases, these … Continue reading
Posted in Costing, Management, Software, Software Evaluation
Tagged ERP, Food, management, Meat, reports, Software, software evaluation
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Feature Definition: Least Cost Formulation in the Meat Industry
Least Cost Formulation (LCF)software are computer programs that calculate cost optimized formulations (recipes) based on current circumstances. A pre-requisite of LCF Systems is, that you can use different meat ingredients in the recipe or bill-of-material but still get the same … Continue reading
Posted in Costing, Meat
Tagged BOM, LCF, least cost, least cost formulation, Meat, opimization, recipe, sausage
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