COGS (COST OF GOODS SOLD) In this post it will be explained the concept COGs, cost of goods sold. The COGs is the direct manufacturing cost of a product or service (only manufacturing! logistics is not considered in COGs). COGs (Cost of Goods Sold). This item, depending on the cost accounting system used by the […]
MICHAEL PORTER, ESTRATEGIA Y CÓMO CREAR VALOR A LARGO PLAZO Este miércoles 10 de octubre de 2018 he acudido a una conferencia del profesor de estrategia de Harvard, Michael Porter, donde ha resumido aspectos fundamentales sobre la estrategia de las organizaciones a largo plazo y cómo crear valor. Los principales puntos donde ha puesto el […]
THE FINANCIAL PLAN, KEY COMPONENTS AND HOW TO BUILD A FINANCIAL PLAN SUCCESSFULLY In the following post, I will explain the key parts of a financial plan for a start-up project or company. It is very important to understand that the 4 key metrics (“KPIs”) from a management point of view that any CEO should […]
WHAT ARE THE MOST IMPORTANT KPIs (“KEY PERFORMANCE INDICATORS”) FOR SUPPLY CHAIN MANAGEMENT AN OPERATIONS? In this post we will explain the most important metrics that should be defined, monitored and control for the supply chain management and operations business function. Please note that operations management according to Krajewski, Ritzman, & Malhotra (2013) refers to “the systematic […]
SG&A (“Selling, General and Administration expenses”) Costs can be classified under 3 categories: If they depend on the production/units sold, these costs are considered as variable. IN the case they do not depend on the production output or units sold, they are called fixed costs. SG&A expenses are fixed costs from an operational point of […]