As with most anything, the more time you put in, the more you will get out. Margin Management requires producers to accurately model their operation and set objective goals that are acted upon when achieved. There is an initial time commitment involved to help build the model which will be much easier if accurate records have been kept for the operation. Ongoing time commitments revolve around understanding the various tools available to manage profit margins, and how to get the most out of those tools. This will vary based on the experience of the producer and how educated they are when it comes to contracting alternatives. Classes are available to help build this knowledge.
