Step 13 – ‘Elite’ Costing Your Products

How to Cost Your Products

– the useful ‘Elite’ way!

In this Step, I’ll show you how to become more price competitive and increase profits using ‘Elite’ product costing principles that will transform the way you manage your operations.

For business managers, these principles are far more useful than traditional standard costing. They provide more relevant product costs that enable you to take better operational decisions more quickly than any other method. It’s not sleight of hand. You still have to reconcile back to your books of account. 

Follow my lead. Do it yourself. All the info is here. And if you do hit a problem, you can contact me for free by email.  

Check out the Table of Contents under the Bonus Content tab or see the full route map here.

I’ll walk you through three real life examples of ‘Elite’ product costing that will help you use these principles in any business. The three examples include –
– a national mail processing organisation, where the management wanted to know the impact of the ‘Elite’ program on their profitability at given stamp prices,
– an engineering company, where the management wanted to restructure their product pricing strategy after completing an ‘Elite’ program, and
– a chemicals company, where the ‘Elite’ product costs reflected productivity improvements more accurately and usefully than the in-house standard costing system.


These examples and tips along the way will make sure that, if you apply the ‘Elite’ product costing principles properly, you will reflect the financial impact of your ‘Elite’ program more accurately, enable you to develop a more appropriate product pricing strategy, and manage your profitability in the business more effectively.

This series of books is like looking over my shoulder as, step by step, I transform a typical pharma manufacturing company and its people from ordinary to ‘Elite’ within a year. That means where their performance, financial success and reputation become such that other people and businesses in the same market sector want to emulate them. They Beat the Competition!

The company is an amalgam of my clients from the US, UK, Europe and the Far East, and what they experienced with me. But it could be any company anywhere. It could reflect your company going through that same transformation experience. So, go for it – and enjoy the journey.

Check out my tip on how to change your thinking today here.

All eBooks in the series and the paperback combined edition are available from Amazon.


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