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Bosco and Roxy’s is in the process of building a comprehensive set of business management tools to support timely business decisions that will drive market share and operations.In manufacturing it can be very challenging to accurately identify costs experienced to produce our products. In the current environment that is 2022 with the many challenges such as supply chain cost increases it is even more important to track and understand our costs. With an accurate tool to create pricing we can remain competitive. This tool is also being designed to use activity based costing so that the numbers are more accurately assigned to the task that incurs the expense. Without this tool an “overhead” percentage is created to all product pricing. With this approach items can attract on overhead cost even if it didn’t participate in attracting that cost. With our new tool we should be able to more accurately assign costs to the correct activity, again leading to a more competitive bid and a better ability to identify unprofitable product lines.
Tiffany Bayley
Bosco and Roxy's
Business
Manufacturing
The University of Western Ontario
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