Margin erosion (also known as profit erosion) is a very common issue, by which particularly the machinery and equipment industry is affected since they often produce large custom products with long lead times. Margin erosion defines the loss of margin euros that occurs once you have won a customer order. More simply, it is a gradual reduction in gross profits over time. The most important but also most complex cause for margin erosion, however, is Non-Conformance Costs (NCCs).
In the webinar recording, we show you how to get to grips with Non-Conformance Costs with PIKON.
- Goals and Potential for Optimisation
- PIKON Solution
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