Value engineering is defined by the Chartered Institute of Management Accountants as the functional analysis and redesign of products and services to provide value to the customer. Value engineering ...

A budget is necessary to plan how much your business should spend on expenses and how much revenue it will have to cover those expenses. The budget needs to include all the likely expenses to ...

Plastics processors are fortunate to have several options for managing and calculating costs. In part one of this series, we discussed the benefits of a production profit contribution model. This ...