A cost driver is essentially the "why" behind an expense. It is the unit of an activity that causes a change in the cost of that activity. If you can identify, measure, and manage these drivers, you gain a significant competitive advantage. 1. What Exactly is a Cost Driver?
How effectively do you negotiate and collaborate with your vendors? 3. Common Internal Cost Drivers cost drivers in business
The ability to define and manage cost drivers. A cost driver is essentially the "why" behind an expense
Once you realize that "distance traveled" is driving your fuel costs, you can invest in route-optimization software to reduce that driver. and manage these drivers
CFOs, Financial Analysts, Operations Managers, Unit Leads.