Pricing in the manufacturing process is crucial, but many businesses get it wrong. 😮‍💨

To ensure margins are maintained across every product group, you must base pricing decisions on actual manufacturing costs. 

You should also avoid underpricing or overpricing if you want to stay competitive, and assessing profitability and evaluating performance at various stages of the production process will help you understand the profit or loss incurred.

Accurate cost info is also essential for financial reporting and ensures products are sold correctly and costs are accounted for in financial statements.

Struggling to keep up? We can assist you with all of the above and have helped countless clients in the manufacturing industry.