I hope that you have enjoyed the article “How To Use Cost Savings Ratios & When.”
This article is actually the second one that originated from a podcast I did with Jim Nelles. And it may not be the last – the podcast was that good!
Though the article explained the reasons behind using cost savings ratios as opposed to straight monetary figures, I thought that this blog post could add value by including more examples of cost savings ratios, so here are a few more…
- Cost of shop supplies per manufacturing employee per year
- Cost of health benefits per employee per year
- Cost of maintenance per company vehicle per year
- Cost of operating an engine per hour (I used this in the airline industry)
Which ratios do you use? Post a comment to share!
To Your Career,
Charles Dominick, SPSM
President & Chief Procurement Officer
Next Level Purchasing, Inc.
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