Knowing a Products Actual Base Cost (= ABC)
This is in a metal castings business a strategic asset!
In a foundries business, like all competitive businesses, a good customer does not want a great deal nor the best deal. All he wants is a sustainable win-win FAIR deal. And a sustainable win-win FAIR deal is only possible when the supplier knows the right processes and have the expertise to manage the Product Actual Base Cost = ABC. You must know your ABC as it is YOUR strategic asset! This counts ESPECIALLY for metal casting operations!