Figure 3.1 The Elements of C-O-S-T
Chris said, “This slide shows the elements of C-O-S-T. When these elements are in place and working effectively, a company can achieve an optimized level of cost and a competitive advantage. We will talk through each of the elements on the slide.
We use an umbrella to signify that C-O-S-T will provide protection against outside influences that erode profitability. Unfortunately, many profit eroding outside influences are not within your control. These include your competitors, inflation, demands from customers, government regulation and trade laws, and supplier price increases. C-O-S-T ...
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