oboloo Glossary

Should-Cost Analysis

oboloo Glossary

Should-Cost Analysis

Should-Cost Analysis is a business process that helps organizations understand the cost of goods and services they are buying. It involves analyzing the cost of materials, labor, overhead, and other factors that contribute to the cost of a product or service. By analyzing the cost of these factors, organizations can make informed decisions about their purchasing decisions. Should-Cost Analysis can also be used to identify areas where costs can be reduced, and to identify opportunities for cost savings. The goal of Should-Cost Analysis is to provide organizations with a comprehensive understanding of the cost of goods and services they are purchasing, and to help them make informed decisions about their purchasing decisions. By using Should-Cost Analysis, organizations can ensure that they are getting the best value for their money, and that they are making the most cost-effective purchasing decisions.