#177: Transaction-based costing and Small Batch Sizes

In this episode I continue the discussion on transaction-based costing by looking at the relationship with Small Batch Sizes.

I began by defining small batch sizes - the breaking of work down into more manageable tasks, which can improve the speed and quality of your output.

I then explore how small batch sizes play a pivotal role in transaction-based costing, promoting efficiency and cost-effectiveness by enabling more precise tracking and control of costs.

I also examine the benefits that come with this combination - enhanced agility for software changes, better predictability for improved financial forecasting, enhanced transparency for granular insights into cost allocations, and streamlined processes for reducing waste and improving value delivery.

And to wrap up, I talk about some the challenges of a transition from traditional methods and implementing small batch sizes.

-----

Find this episodes show notes at: https://red-folder.com/podcasts/177

Have an idea for an episode topic, or want to see what is coming up: https://red-folder.com/podcasts/roadmap

Episode source