1. Cost Accounting
Identify the situation of cost structure where business is operating efficiently. Locate the issues and realize current direction.
2. Business Planning
Based on operation cost structure data, create options for business scenarios refer to similar use cases.
3. Business Improvement Execution
Realize the direction, prepare necessary resources, proceed an improvement according to business plan and strategy.
How to proceed with consulting
Cost Accounting
Cost Accounting
By correctly understanding manufacturing costs, it becomes possible to consider strategies for each product and order, which leads to profitability. Cost accounting is the first topic that should be analyzed when formulate a company strategy. Thai CC Innovation provides profit improvement consulting based on cost accounting for manufacturing companies.
Cost Consulting Issues
Unable to negotiate price
Unable to negotiate price
- Pricing structure is unclear.
- No negotiation power with the suppliers
Cost reduction process are low efficiency.
Cost reduction process are low efficiency.
- Unable to find direction for cost reduction, delaying effective proposals and not showing cost-cutting in profit and loss.
Accepting orders without profit Evaluation
Accepting orders without profit Evaluation
How our cost accounting services can provide solutions.
Calculation of cost driver rates.
Calculation of cost driver rates.
Comparing between cost and operation time for each machine and process. Understand the cost per hour that reflects the latest situation and actual root cause behind low profitability such as raising labor cost or electricity price.
Organization of Base Units.
Organization of Base Units.
Organize the materials, processing details, and processing time required to make one lot or one product. By organizing this, you can know what costs are required for each product and in which part.
Developing and implementing an action plan
Developing and implementing an action plan
Understanding pricing structures provides a wealth of information that can be used to determine the direction of profit expansion. However, profits cannot be expanded unless plans that utilize this information can be formulated and executed. At Thai CC Innovation, we have a strong track record in formulating plans based on pricing structures and supporting their execution, and we continue to provide value to our clients.