Etini
Valued Contributor
When it comes to fulfilling orders, one of the challenges businesses face is their cost of fulfilling the order becoming more expensive in the final analysis than the price they had given to the client. That's a common issue with service business. So how can this challenge be overcome in businesses?
1) Make sure you consider all costs associated with the order before fixing a price for the service. Get updated on current prices of inputs for that service. Integrate your mark-up before you tell the client your pricing.
2) Know everything that is specific about what that particular order requires: Make sure that you are specific about what it would take to fulfil that order. Know all the materials and inputs about the order. In short, be too conversant about the order before accepting and giving a price.
3) Give a buffer of at least 10% in your cost of fulfilling the order when budgeting to cater for unforeseen circumstances.
1) Make sure you consider all costs associated with the order before fixing a price for the service. Get updated on current prices of inputs for that service. Integrate your mark-up before you tell the client your pricing.
2) Know everything that is specific about what that particular order requires: Make sure that you are specific about what it would take to fulfil that order. Know all the materials and inputs about the order. In short, be too conversant about the order before accepting and giving a price.
3) Give a buffer of at least 10% in your cost of fulfilling the order when budgeting to cater for unforeseen circumstances.
