ABSTRACT
Simply put, if you do not manage costs you will lose control of profits. The importance of cost management is illustrated by the authors of the Mobile Micromill case study:
The ability to develop value-added products by using small-diameter ponderosa pine is in part contingent on the ability of finished products to compete in the market place. Transportation and processing costs need to be minimized to make processing small-diameter logs more competitive.
(Becker et al. 2004: 3)