accountWhile they continue to slog through the longest economic downturn in decades, companies are no longer making...
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COST REDUCTION
Reducing expenses has a more immediate positive affect on the bottom line and is much less expensive to implement than trying to raise the top line by increasing sales. Cost reduction (also called "expense reduction") plugs profit leaks in non-core expenditure areas without any degradation in product or service quality. Expenditure areas commonly examined are shipping, printing, office supplies, telephone, utilities, travel, waste disposal, bank charges, and insurance, among many others.
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On non-labor cost reduction: Are there other, less painful, ways that ... ask people to take a small reduction in their...
CEOs, CFO's, and IT. managers should be on the alert for telecom fraud. Even with the advent of VOIP, the thieves are...
Union, N.J. Bornstein advocates using financial ratios as an 'early warning system' to signal when a business should...
Key Unfortunately, during an economic downturn, some hard decisions need to be made. The most obvious way to reduce...
Cost is something that a business must incur to create and deliver value for its customers. However it is far from the...
How should a firm go about an intelligent cost reduction process to build a chain (where a set of costs are traced back...
In this economy, every dollar counts. So, its particularly valuable to know when money is well spent and when it is...
Small businesses like convenience stores, restaurants, daycare centers, and home businesses can cut costs by purchasing...
Looking at options for reducing inventory cost can help your company save jobs in this challenging economic environment.
From desktop PCs to monitors, software, networking, data storage, systems management and much more, here are 21 ways to...
A few hair raising tales about how some organizations were bleeding expense because of some basic mistakes in managing...
Unwanted costs happen due to operational problems and issues (OIPs). They are not something that can be easily and...
How can refurbished networking hardware provider - such as MLCP - help you cut your web hosting or other business...
Cell phone billing overcharges are major cost management headaches for corporate users. What general areas do we review...
Unitronics employees taped this funny videoclip on the big difference between using Unified Communications tools and...
Unitronics, well known for being one of the innovators of the Connectivity Solutions market, has launched a very...
Here are six more in the What Works for Business series of new small biz solutions you can digest in 10 seconds or...
to increase their efficiency, cut waste, and strive to do things in smarter ways. All companies have to cut costs, and...
by reducing IT budgets more than 5%. Instead, 'While negative economic and organizational conditions are frequent...
Here’s another cost-cutting strategy for your office needs that is so simple, people always forgetting about doing this.
Recruiting new employees should be preceded by a clear understanding of the full costs of current employees in relation...
Though it will require some estimate of future benefit, this calculator tool will help you attempt to quantify the ROI...
Toyota is often idolized for its super-efficient logistics and manufacturing operations. But after less than an hour on...
In these tough economic times reducing costs has become an integral part of survival strategies. In the cacophony of...
Top Sources: Cost Reduction
- Industry Week
- Lightspeed Venture Partners Blog
- enablingbusiness.blogspot.com
- mytechboxonline.com
- BusinessWeek
- bottaboom.com
- whatworksforbusiness.wordpress.com
- LinkedIn Answers: Management
- Information Week
- IndustryWeek -- Technology & Innovation
