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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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E-invoicing mandates are spreading as more governments transition from paper-based processes to more efficient means of...
E-procurement makes for happier customers and allows organizations to better manage buyers, catalogs & suppliers
The EPA is one of the newer federal agencies to ink a deal to move services into the cloud, including e-mail &...
The 2012 election is still up for grabs, but at least one thing is not expected to change: the U.S. government's trend...
Ecuador joins the ranks of governments switching to electronic invoice management in order to capture savings and...
The European Commission wraps up its conference on electronic invoice management ahead of a projected 2016 e-invoicing...
The loss (or theft) of equipment from a Victoria, BC police department demonstrates the need for automated asset...
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Automated work order management does more than make you efficient. It also impresses your customers, amounting to a...
The EU is working to develop standards and procedures for cloud computing in an effort to help encourage faster...
Cost management techniques have been quietly evolving in the back offices of financial services businesses.
A new study confirms that leading businesses are focused on next-generation tools to help turn their supply chains into...
Wal-Mart’s new domestic procurement plan reinforces the growing trend toward more American-made goods, reshored...
The GBTA warns of potential removal of T&E deductions, which could pose expense management challenges for...
A discussion of the relationship between supply chain and financial processes and why it makes sense to integrate the...
Police in Richardson, Texas, use handheld scanners to track equipment assigned to them saving money and leaving more...
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Benefits of automated systems include integrating disparate data streams, easier processes for employees & better...
Asset tracking software is saving substantial time and money as corporations leverage these solutions to maximize...
Automating e-procurement processes enables organizations to maximize productivity, reduce costs and get the most out of...
The EU is expanding e-invoicing and supporting regulations across its member states, as countries coordinate the...
Expense management software clearly outperforms manual processes, but also provides improved negotiation, reduced...
Reducing losses from time and attendance fraud requires a strong message from management – and a means for easily...
Work order management software automates scheduling, prioritizes request queues and offers general support for facility...
Top Sources: Cost Reduction
- Lightspeed Venture Partners Blog
- Industry Week
- enablingbusiness.blogspot.com
- bottaboom.com
- cost-improvement.com
- LinkedIn Answers: Management
- BusinessWeek
- mytechboxonline.com
- whatworksforbusiness.wordpress.com
- ssonetwork.com
