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31. Navigating Cost Management: Strategies for Manufacturers with Matthew Smith
In today’s inflationary environment, manufacturers are grappling with rising material and labor costs, leading to eroding margins and increased difficulty in passing these costs onto customers. Understanding and managing these cost structures is now more critical than ever.
We’re joined by Matthew Smith, a seasoned cost accountant with global manufacturing experience. Matthew provides invaluable insights into the challenges manufacturers face and shares actionable insights and expert advice on improving financial performance through effective cost management.
Key topics include:
Strategies for cost management
The role of ERP systems in tracking costs
The importance of communication and collaboration within the supply chain
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By Shane Williams & Paul MasonIn today’s inflationary environment, manufacturers are grappling with rising material and labor costs, leading to eroding margins and increased difficulty in passing these costs onto customers. Understanding and managing these cost structures is now more critical than ever.
We’re joined by Matthew Smith, a seasoned cost accountant with global manufacturing experience. Matthew provides invaluable insights into the challenges manufacturers face and shares actionable insights and expert advice on improving financial performance through effective cost management.
Key topics include:
Strategies for cost management
The role of ERP systems in tracking costs
The importance of communication and collaboration within the supply chain