It's Serious Business; Run It Like One

Know Your Expenses: You should know exactly what expenses your in-plant incurs on a monthly basis, including those for labor, materials and overhead. This information will be the basis for a chargeback system that will enable you to perform cost comparisons. Make sure that you account for all expenses. If you do not think you are being charged for a particular expense like utilities, find out what those costs are by working with the finance department. You must know your expenses before establishing a chargeback system.