Seeking Perfect Prices, CEO Tears Up the Rules – WSJ.com I haven’t mentioned it in a while, was trying to give it a rest for a bit, but the front page of the WSJ highlighted this basic economic concept: prices…
I’m sure most of you are familiar with or have used the Akro blue bins for organizing parts, tools, or a kanban system. The bins are used all over factories and they are used quite often in hospitals (look in…
WSJ: At GM, Curbing Inventories Calls For Juggling Act From the article: At the end of December, GM had more than one million vehicles in stock in the U.S. That’s equivalent to about 41,000 vehicles for every point of its…
Hospitals prescribe increased reimbursements from insurers to aid recovery of sickly health care system Hospitals need to learn to reduce costs. You can’t just ask for more money to cover your rising costs. It’s a frequent topic on this blog,…
GM raises price of some ’07s | Chicago Tribune: The other day, I complained about how GM was “forced” to raise prices due to materials cost increases and how wrong that concept is. Yesterday’s Chicago Tribune explained it better: “‘GM…
Materials costs force GM to raise prices Yet another example of a non-lean mindset company thinking they are entitled to price increases because costs went up. General Motors Corp. has raised prices an average of 0.5 percent on about one-third…
U.S. airlines raise fares by up to $10 each way Here is some rare honesty in the discussion about how prices are set. Normally, an article or company would claim that “due to cost increases” (due to oil, etc.) that…
ContraCostaTimes.com | 05/05/2006 | Consumers feel the sting at pump and elsewhere Post office wants to raise stamp prices – U.S. Life – MSNBC.com: I’m ticked off reading about “fuel surcharges” that many companies are tacking on to their prices…
Headline:General Motors Cuts Prices on 80 Percent of Its U.S. ModelsRemember the “new” Toyota Production System thinking: Profit = Market-Set Price (minus) Your Costs The “old” approach (still apparently endorsed by many companies) was: Price = Desired Profit (minus) Your…
Evolving Excellence: Its About Cost, Stupid! Great post here by Bill Waddell about the Toyota “Profit/Cost” model ofProfit = Price – Cost. He elaborates on it as “Profit = (Price x Volume) – Cost and points out origins tracing back…
SignOnSanDiego.com > News > Metro — San Diego: This story is from California, but I’ve also seen it in the local news. I’ve complained in the past about big companies complaining that they can’t pass along the higher cost of…
JS Online: Manufacturing outlook dips, but index is still strong: When I saw this headline (also a WSJ article today), I expected to read something like this: “‘On profits, I think what you are seeing is pressure coming from higher…