How do I analyze cost comparison results?

How do I analyze cost comparison results effectively?

To analyze cost comparison results, start by organizing your data into categories. What specific costs are you comparing?

I'm comparing the costs of different suppliers for raw materials.

Great! Look at the total costs, including shipping and taxes. Have you calculated the average cost per unit?

Not yet, how do I do that?

Divide the total cost by the number of units purchased. This will give you a clearer picture of the cost per unit.

Thanks! Should I also consider quality in my analysis?

Absolutely! Quality can impact long-term costs. Consider creating a weighted score that includes both cost and quality.