You know what they say: an ounce of prevention is worth a pound of cure. The costs associated with preparing for potential issues and mitigating risks — the “prepory cost” — are crucial investments in the future stability and efficiency of your operations.
Understanding and managing these expenses effectively is key. Proper management can lead to significant long-term savings and a reduction in unexpected disruptions.
In this article, we’ll explore the different types of prepory costs you might encounter. We’ll also dive into how to calculate those costs and, most importantly, strategies you can use to optimize them for maximum impact.