Cost & Profit Now Schedule Landing Page

In today's rapidly changing business landscape, understanding costing and profitability is crucial for informed decision-making and sustainable profitability. However, cost analytics often takes a backseat to more pressing priorities, leading to decisions based on past experiences. In 2023, with traditional long-term plans ineffective, is this decision-making process viable?

Organizations face challenges in a VUCA environment (Volatility, Uncertainty, Complexity, and Ambiguity). Political and business uncertainties raise questions about the supply chain, raw material prices, and product costs. Proactive measures, like seeking alternative suppliers, are needed to mitigate disruptions. Political uncertainty brings challenges, such as regulatory changes and trade disruptions. How will geopolitics affect operations and cost structures? How can businesses navigate these uncertainties for profitability?

Join us for an engaging fireside chat session featuring Matthew Smith, CEO of 3C Software, and Carsten Hilker of SAP, as they engage in an open dialogue about the transformative impact of technology on decision-making and profitability. This session offers a unique opportunity to gain insights from two industry experts as they discuss the role of technology in leveraging better cost insights to drive profitability and enabling informed decision-making processes.They will delve into topics such as advanced analytics, automation, artificial intelligence, and machine learning, highlighting how these technologies have enhanced decision-making processes and optimized financial outcomes for organizations.

They will address the challenges and considerations associated with implementing technology solutions for decision-making and profitability, including factors such as data integrity, change management, and the need for strong collaboration between IT and finance departments to ensure successful adoption and utilization of technology tools.

In this session we’ll look at how your organization can develop better internal decision-support information, enabling it to improve its profitability and better fulfill its mission.

Making better-informed decisions requires an internal decision-support system that provides relevant, accurate and timely information, yet many organizations have systems that fail to deliver such information. To produce such information, companies need to follow relevant managerial costing principles rather than those used for external financial reporting.

It also requires having an effective strategy management process. This requires employing causal based modeling based on economic principles rather than solely relying on financial models.

How to address these issues will be discussed in the context of the PACE Profitability Analytics Framework.

Join a panel of experienced quoting and pricing practitioners for an insightful discussion on how to achieve profitability and reduce risk through effective pricing strategies. This session will provide valuable insights into developing a robust quoting program that enables businesses to optimize pricing decisions. The panelists will share their expertise on key factors such as cost analysis, market research, competitive intelligence, and pricing models to empower attendees with the knowledge and tools to make informed pricing decisions.

During the discussion, participants will gain valuable insights into cost-based quoting, exploring strategies to manage fluctuating costs, mitigate price erosion, and navigate competitive pressures. Real-world examples and case studies will be shared to demonstrate successful pricing strategies implemented across diverse industries.

This session will explore the transformative potential of "Configure-to-Availability" in this session focused on customer experience, profitability, and supply chain resiliency. Discover how this cutting-edge approach goes beyond traditional availability strategies to create personalized experiences while optimizing profitability and fortifying supply chains. Through the principles of modular design, adaptable manufacturing, and real-time data integration, businesses can meet evolving customer demands, respond swiftly to market shifts, and maintain operational continuity.

Case studies from industry leaders will be presented to illustrate the success achieved through configure-to-availability. Learn how streamlined production processes, waste reduction, and enhanced customer loyalty are the results of implementing this innovative strategy. Join us as we unlock the potential at the intersection of customer experience, profitability, and supply chain resiliency, and gain practical strategies to enhance your organization's competitive advantage in today's dynamic marketplace.

This panel discussion featuring industry experts and practitioners will explore the strategic significance of transparent costing practices in gaining a competitive edge. The panelists will share real-world examples, best practices, and challenges, highlighting how transparency fosters trust, improves decision-making, and drives operational efficiency. Participants will have the opportunity to ask questions and gain actionable insights, leaving equipped with the knowledge to leverage transparency in product costing for growth, profitability, and stakeholder trust.

Costing and the use of cost information can be a tremendously powerful tool used by businesses to make strategic and tactical business decisions. Some of these important business decisions include what products and services to offer in the marketplace, what customers to pursue/continue to engage with, what new technology/equipment to invest in, what suppliers are the best to utilize, where marketing spending should occur, what talent to hire/part ways with, what corporate citizenship/community events to invest in, and what acquisitions/divestitures to execute.

The conference discussion will include how costs are consumed, how making cost a priority within an organization can be a challenge, and how understanding the cost continuum can drive an organization to more precise, sustainable, and profit-producing decisions.

Gain insights from industry experts as they share strategies and best practices for effectively managing supply chain operations amidst evolving market conditions. Explore the interdependencies between supply chain decisions and financial performance, including shifts in consumer demand and supply chain disruptions, and learn practical approaches for optimizing processes such as demand forecasting, inventory management, sourcing, and logistics. By leveraging technology and innovations in automation, data analytics, and digitalization, businesses can enhance supply chain efficiency, visibility, and responsiveness to drive cost savings and overall profitability. Join us for this engaging panel discussion to gain actionable insights and practical knowledge for effectively navigating changing markets and optimizing supply chain operations.

An Executive View:Why is Costing and Profitability NOW more important than ever?

An Executive View:
Why is Costing and Profitability NOW more important than ever?