Project: Introduction to Job Costing for Freight Operators

Reference: TE267

Last update: 20/01/2006 14:36:08

Objectives

1. Identification of the key elements of a basic costing model
2. Identify approaches for the development of costing models
3. Identifying the benefits of operators 'knowing their costs' and developing a robust rate schedule for customers.
4. Identification of case studies

Description

Detailed guidance on the accurate pricing of transport jobs to ensure the business returns a profit. This guide is designed to help freight operators of all sizes understand the principles of job costing and implement their own robust cost model system.

Contractor(s)

AEA Technology Environment
Harwell Business Centre, Didcot, Oxfordshire, OX11 0QJ
+44 (0)1235 432201

Contract details

Cost to the Department: £15,000.00

Actual start date: 01 February 2005

Actual completion date: 01 October 2005

Publication(s)

Introduction to Job Costing for Freight Operators
Author: Freight Best Practice
Publication date: 01/10/2005
£0.00
Source: Freight Best Practice
More information: http://www.freightbestpractice.org.uk/imagebank/FBP_TE267_final.pdf

Summary of results

  1. Section 2: explains the benefits to the business of using
    cost models to improve operational efficiency and to
    develop robust pricing structures.
    Section 3: describes the main components of a cost
    model and how to use it to produce job costings based
    on accurate data rather than informed guesswork.
    Section 4: outlines the main types of commercial
    products and examines the pros and cons of developing
    your own in-house cost model.
    Section 5: summarises the conclusions that can be drawn from the guide.