Cost of Goods (COGs)

Gilad Issar and Liat Ramati Navon

Chapter 3 in Operational Excellence, 2016, pp 11-15 from Springer

Abstract: Abstract Cost of Goods includes the material cost, production cost, labor, supply chain, depreciation and overhead costs. Material cost needs long term cost reduction plans together with the suppliers. Labor cost reduction is built on production cycle time reduction. Innovation in supply chain logistics and warehousing contributes to overall COGs reduction. Manufacturing overhead cost reduction support lean operations and effectiveness though needs to be done with a lot of caution and sensitivity.

Keywords: Cost of goods; Bill of material; Labor cost; Cycle time; Production overhead; Logistics cost (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-20699-8_3

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DOI: 10.1007/978-3-319-20699-8_3

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