Total cost of goods shipped: A guide to better sourcing decisions
To increase profits, companies are searching for ways to reduce costs or sell more at the highest possible price. Many companies are turning to imported goods and materials because they provide lower manufacturing costs or better products than available domestically. Purchasing products from other countries, however, contains many hidden costs that must be accounted for. Otherwise companies may experience lower than expected profits. In this whitepaper, PM War Stories in collaboration with Pronto Software examines how to effectively track the total cost of goods shipped to aid managers and executives in making faster, better sourcing decisions and improving profitability.