Cost Analysis Services in Nagpur

In this era of globalization, price is ruled by market, Profit target is set by the top management and the gap between the price and profit defines cost. It is imperative that with complexities of business today, we need to know our costs with minute elements. These cost studies have an objective of working out costs under given parameters and the projections of cost based on changed parameters. Normality, variability, size of business, degree of competition, capacity considerations, Government Regulations and policies, cyclical demand, health of economy, technology and so on largely impact the cost and hence determination of cost and its analysis is essential for the long term survival and growth of any business entity. Costing Systems – installation, implementation and follow up.Cost determination on real time basis requires robust system for capturing the cost and its assimilation. Right from the point of first incurrence through various stages till the goods and services are sold, post sales costs including winding up costs must be captured and considered. Right from manual recordings to sophisticated ERP Systems require initial set ups and timely updation thereof to reflect correct costs. Once the systems are put in place, the results are to be critically reviewed to their correctness, which is the stage of implementation. The results from the systems implemented require review and monitoring on periodic basis to achieve the objectives of the project. We actively “involve” ourselves and do complete hand holding for our clients till they are fully acquainted with the systems.

Cost Benefit Analysis