Activity Based Costing (ABC) brings a new dimension in pharmaceutical companies' Cost of Goods Sold (COGS) estimation, where, individual raw material and procedural costs are grouped to provide accurate cost estimate per activity. Pharmaceutical companies focus on competition and that affects on basic supply-and-demand dynamics. In this industry, generic drugs probably reduce the cost, which is evident in established pharmaceutical

A cost analyst helps their company control expenses through financial research and analysis. In this job, your duties include analyzing the difference between company costs and standard costs, developing budgets, auditing financial transactions, conducting market research, and preparing reports for company leadership.