Cost Savings YTD
$1,248,500
12.8%
vs target
Target: $1.2M
104%
Budget Variance
-2.3%
Favorable
Target: -1.5%
Exceeding
Cost Efficiency Rate
87.6%
4.2%
vs last quarter
Target: 85%
103%
Avg. Cost per Unit
$24.56
1.8%
vs last month
Target: $25.00
98.2%
Cost Breakdown by Category
Budget vs Actual Spending
Cost Reduction Initiatives
Supplier Consolidation
Procurement Department
Progress
84%
Start: Jan 2023
Target: $500K savings
Energy Efficiency Program
Facilities Management
Progress
62%
Start: Mar 2023
Target: $300K savings
Automation Implementation
Manufacturing
Progress
45%
Start: May 2023
Target: $700K savings
Cost Variance Analysis
| Cost Category | Budget | Actual | Variance | Status |
|---|---|---|---|---|
| Raw Materials | $1,250,000 | $1,185,000 | -$65,000 | Favorable |
| Labor | $850,000 | $865,000 | +$15,000 | Unfavorable |
| Overhead | $420,000 | $398,000 | -$22,000 | Favorable |
| Logistics | $310,000 | $335,000 | +$25,000 | Unfavorable |
| Maintenance | $180,000 | $175,000 | -$5,000 | Favorable |
| Utilities | $150,000 | $145,000 | -$5,000 | Favorable |