MK
Public post
MM Kuppusamy
Sep 2026 • linkedin
Post excerpt
PRICE IS NOT COST. COST IS NOT VALUE. CONFUSING THEM CAN COST YOUR BUSINESS MILLIONS. : : In sourcing, procurement, and cost engineering, these three words are often used as if they mean the same thing. They don’t. 🔵 PRICE — What you pay The amount charged by the supplier. 🟠 COST — What it takes to make Material. Labor. Manufacturing. Tooling. Overhead. Logistics. Quality. Risk. 🟢 VALUE—What it is worth The performance, reliability, functionality, efficiency, and business impact delivered. And this distinction …
#CostEngineering#ShouldCosting#ValueEngineering#StrategicSourcing#ProductCosting#Procurement
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