Will you be updating your estimating cost rates for 2014?

[craiglpress]

Will you be updating your estimating cost rates for 2014? Your printing business evolves. So do your costs. Cost Rates Advisor budgeted hourly cost rates software helps printing and packaging companies keep their equipment and services cost rates up-to-date so they're always recovering costs, can estimate better, price smarter, increase revenue, track job costs, and maximize profits.

 

[gig0]

I would hope so if we want to stay in business and have jobs, right?


TLDR version: everything will be more expensive in 2014. Because economics.

 

[davarino]

Remember the 3% rule: over the course of time, almost everything goes up in price by 3% compounded annually.

Even wages: Abraham Lincoln was working at manual labor making $11 a month in 1828... which at 3% compounded annually is now about $11 an hour.

 

[kaya67]

we are having mananugrhic made web offset machine FRONTLINE for quite some time there is ink levelling problem.As machine speed goes up it becomes pale inking and machine speed comes down there was over inking{in CYAN} we checked all roller cantacts all ok. where else i check to fix this problem.


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[Stephen Marsh]

Observation: Most print buyers expect the cost of print to come down with each order, not to go up based on increased costs (the printer is just expected to absorb price rises and continually lower their margin).

Working for the Australian vendor of the Accura MIS which is a cost+plus based print management solution, this is easily handled via the “cost rate calculator” spreadsheet that is used to initially setup the system and to revise costs annually/bi-annually.


Stephen Marsh

 

[europeanprinter]

Across Europe the past few years have seen printers squeezed ever tighter by the economic crisis. The competition coupled with the need to survive has caused many printers to work at cost just to keep the machines rolling and the cash flowing.

The problem is that this is unsustainable and we are seeing many printers - of all sizes - collapsing under the pressure. When a printer is using the upfront money they are charging for new work to pay the outstanding costs on completed work they can only keep going for the length and depth of whatever credit line they are walking.

Sadly, we have seen the demise of some of the largest printers here in Spain - for example, in Andalucia - a community of 8 "states" or counties covering about 1/4 of the country - there is now no commercial rotary web operational. There is one owned by a newspaper - but they do no contract work to speak of. That is a sad and sorry state of affairs.

So will the survivors increase their costs for 2015? They will be reluctant to do so. Yet if the don't they may not have to worry about that decision for 2016...

Whatever price you set in business, there is always someone who will do the same job cheaper. Always. And buyers count on that. But the buyer also wants the job done well and on time. We buy at higher rates often simply because we need to be able to guarantee delivery dates and quality levels. Paying a little extra is worth this to us... and we explain this to our clients. Taking advantage of a struggling market is to no-one's long term advantage. Short term, yes. but short term is short sighted.

When we try to negotiate lower prices with our print partners (this is how we refer to them, we consider ourselves to be on both sides of the fence) we do so on the basis of volumes - looking and back and going forward.

One of my mentors once told me that a good business practice was to always let the other guy take the last penny. This advice has served us well.