*This conference session requires registration and payment.
Leveraging Activity Based Costing to Ensure Growth and Profitability
Ensuring that job shops accurately quote new work and track all of the associated production and overhead costs is critical especially when companies must weather uncertain economic times. Attend this session to review the key concepts of Activity Based Costing and why it is no long a "nice to implement" but a business-critical capability. Understand how to effectively transition from a traditional flat shop rate to rates driven by the functional cost drivers of a part. Review how to identify the key cost drivers in a job shop and allocate fixed and variable costs to those drivers. The session will end with a hands-on exercise taken from a real-world job shop who made the transition.
David J. Lechleitner, MBA, MSLMSCM, DBA (2025) - ECi Solutions