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Our 2024 executive pricing survey is officially launching today! This survey delves into the performance of pricing in 2023, provides insights into the pricing outlook for 2024, and highlights the 6 best practices in pricing. Learn more about the report and access valuable information that will help guide your pricing strategies for the upcoming year.

Got product consolidation challenges? BGR can make sense of it all with a data-driven analysis of your packaging performance and dim weight studies. Want details? My DMs are open! https://hubs.ly/Q02BmvL30 #PackagingSupplyChain BGR

From talking to our customers and other businesses in #foodmanufacturing, we know costs are a big consideration when looking to implement a #recipeformulationsystem or #traceability system. That's why we have a FREE ONLINE ROI CALCULATOR where businesses can see how much they can save on their current costs by implementing a Stevens System. Why not give it a TRY and find out for yourself what savings you can make https://bit.ly/3uz6Tek

🎉 New year, fresh pricing outlook! It’s time to give your pricing strategy a makeover in 2024. Dive into our comprehensive guide on key KPIs to know and let’s make this year your most profitable one yet! Read on 🔮 👉 https://okt.to/xFQoV8 #pricingsoftware #pricingKPIs

Rising labor costs? A smart cash management solution slashes cash handling expenses and focuses more on what matters most – your customers. https://ow.ly/Wc9n50RsM0a #CIMA #CashManagement #CustomerFirst

Actual costing vs. traditional methods: Which is better for #FoodManufacturing and #BeverageManufacturing? Understanding actual costing can revolutionize your #foodandbeverage processing business. Find out in our latest post: https://buff.ly/3zTXxSx #FoodManufacturing #CostingMethods #OperationalExcellence #FoodIndustry #ActualCosting

Unlock the perfect finance solution for your coffee business. ☕ Our tailored options are designed to align seamlessly with your goals and budget. 📈 Ready to elevate your coffee game? #FlexibleFinance #CoffeeBusiness #CoffeeMachine

Many food manufacturing businesses 🏭 can SAVE thousands of pounds by going digital and utilising the various software modules available in the Stevens System, reducing product and ingredient giveaway and making other savings across the business. 💷 See for yourself and try our Return on Investment calculator to see how much you could save https://lnkd.in/eeSq5RQx

📌 What are COGS and how to control them!! 📌 Hello, Connections! Today, let's delve into a key aspect of your financial statements - Cost of Goods Sold (COGS). 💼 COGS refers to the direct costs of producing the goods or services a company sells. This typically includes materials costs, direct labor costs, and direct factory overheads, essentially the cost of creating your products or services from scratch. 🏭 Why does it matter? 🤔 Understanding COGS offers invaluable insights into your company’s profitability and performance. It plays a major role in your gross profit margin and is an essential part of strategic decision-making. Here are a few strategies on how to control your COGS: 👇 1️⃣ Negotiate with suppliers: Building strong relationships with suppliers may open opportunities for lower prices or discounts. 2️⃣ Improve operational efficiency: Streamlining operations can help reduce labor costs and waste, thus lowering COGS. 3️⃣ Invest in technology: This can increase efficiency, speed of production, and minimize errors associated with manual processes. 4️⃣ Optimize inventory: Proper inventory management can help reduce storage costs and risks of stock spoilage or becoming obsolete. Knowledge of your COGS and how to control it is a potent tool for your organization's financial health. Keep in-depth tracks of these costs, and it'll help in analyzing trends, making informed decisions, and ultimately boosting your bottom line! 💸 Stay tuned for more financial insights brought to your LinkedIn feed. #COGS #BusinessFinance #CostControl #FinancialManagement

🚀 As the end of the financial year rapidly approaches, businesses everywhere are gearing up for a crucial time of reflection and planning. 💼💡 One often overlooked aspect? Rebate management. Effective rebate management isn't just about optimising discounts; it's about maximising profitability and fostering stronger supplier relationships. 💰✨ As we close out this fiscal year, now is the perfect time to assess your rebate strategies. Are you leaving money on the table? Could your processes be more streamlined? 📊🔍 Let's ensure your business starts the new financial year on the right foot. Reach out to learn how effective rebate management can unlock hidden value and propel your success! 💥 #FinancialYearEnd #RebateManagement #Rebates #BusinessSuccess #CommercialFinance