Company

COSTWISE aims at being included in a client’s choice of companies offering costing- and SVM services. It seeks to achieve this goal mainly by demanding excellent knowledge of each of the subjects from its staff, thus maintaining a high quality of deliverables to its clients.

The company aspires to offer its clients services of essential value within an established climate of trust and to be remunerated solely for that. 

COSTWISE is an attentive listener to its clients’ needs, provides additional advice and support on business administration issues wherever it is deemed necessary and acts as a truthful partner to the client, maintaining absolute secrecy about all client evidence and information exchanged.

Our services

  • It is vitally important for a business to know as precisely as possible the cost of its products or services provided. This cost is subsequently used by the business administration executives in various aspects of decision making. More often than not, in practice, costs/cost lists are based on vague calculations and general surcharge rates, thus causing headaches to businesspeople when they have to make cost-related decisions.
    Decisions that can be made a lot easier if based on a proper and comprehensive cost study may be of the following kind:
    • product or service pricing
    • replacing a machine with a better/faster one
    • selling privately owned vehicles and outsourcing transportation of goods
    • establishing flexible work arrangements
    • removing a product or a service from the market
    • looking for a less expensive supplier of raw materials
     
    The methodology followed in order to perform a Cost Accounting Study and implement the ensuing pricing system is as follows:
    1) Analysis
    2)System Planning
    3) Implementation

    If necessary, our cost accounting consultant will present the model to a client-selected software company, which will then develop an information system incorporating the costing model.
     
    Relying on their knowledge and experience, the staff at COSTWISE are in a position to select the most appropriate costing model and implement it to fully meet each individual business/client’s needs.
  • Advance your Procurement, Supply Chain, and Sourcing Operations by Getting the Most through innovative Supplier, Vendor, and Third Party Relationship Management.
    Managing the suppliers, vendors, and third parties that support your business with products and services is essential in securing your operational success.
    As companies needs evolve alongside growth, regulatory drivers, austerity, etc., supplier relationship management can become a cumbersome and complicated task.
    Lack of consistent management and communications with key vendors can decrease contract value while exposing the business to risk.
    While traditionally involved with suppliers just to the point of contract negotiations, Strategic Sourcing and Procurement is now often charged with driving greater value from external business relationships throughout the contract lifecycle.
    However, without established methodologies to closely monitor supplier activity post-sourcing, vendor activities are loosely managed against contract terms and key performance indicators (KPIs).
    The buying organization needs a structure that provides guidance in efficiently managing supplier relationships to improves performance, address risk and ensures ROI.
  • For a Cost Accounting- or SVM Seminar, COSTWISE executives can be invited by businesses or organizations as speakers. COSTWISE is in possession of a huge amount of presentation material related to these two disciplines, compiled by its staff and based on two pillars
     
    A) Experience earned by COSTWISE executives
    B) Extended and continuous study of the related bibliography 
     
    COSTWISE executives have trained more than 400 businesspeople on cost accounting and SVM issues, earning positive feedback on the knowledge transfer skills of the speakers.
     
    Where does this training lead?
    Besides acquiring basic knowledge on Cost Accounting or SVM and how it can be incorporated in the daily business operations, attendance of the seminar offers considerable skills in dealing with and resolving of very practical issues which the company might be facing.

Organisation

COSTWISE is a Consulting Company which started in Greece and is currently operating in Europe, America, Africa and Asia. The company offers various Costing-, SVM- and operational- and financial due diligence services.  
 
Every project is carried out by project teams, under the auspices of a project leader while the final approval is made by the company's General Manager. This is a way to maintain a high-level of the offered service and the best quality control.
 
COSTWISE utilizes all the available modern methods in order to fulfill its tasks. For example, the company uses cloud-computing technologies allowing its consultants to be as flexible as possible. Acting as such, the company's costs are kept to a minimum and the achieved price-advantage is transferred to our customers.

Contact

COSTWISE Ltd.

Please fill-in the communication form provided hereunder.








captcha refresh