Align costs with your plan and concentrate on growth; transform Finance to accelerate your Strategy
The gross profit margin tells you what your business made after paying for the direct cost of doing business, which can include labour, materials and other direct production costs. It's one of three major profitability ratios, the others being operating profit margin and net profit margin.
Tracking is one of the most important ways to ensure we are on an optimal path to success. For example, If we found out inventory cost is to high, we must make change in our cost, or figure out ways to adjust our inventory.
Keep track of budgeted costs on huge projects. With accurate and timely project reporting, you ensure a healthy ROI. And having early knowledge allows you to push the agenda forward.