account71% of finance leaders are continuing to see indirect costs growing and labor costs shrinking. And yet headcount...
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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.
Cost Reduction is part of Business Exchange, suggested by
John van Heiningen.
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News
Recent news on this topic.
A UK-based logistics firm reports saving in excess of £100,000 per year due to investments in purchase-to-pay and...
More than £10 billion in annual profits could be unlocked for FTSE-350 companies through just a one percent reduction...
End of fiscal year 2012 prompts rampant cloud computing expansion as the U.S. government’s agencies make use of their...
The EU is working to develop standards and procedures for cloud computing in an effort to help encourage faster...
Inventory management software and RFID technology are proving their worth as medical facilities across the U.S.
Many procurement leaders have said they're proud of achieving large ROI on their team cost. But is this the right claim...
Over £10 billion in annual profits could be unlocked for FTSE-350 companies through just a 1% reduction in non-labour...
Businesses are getting the most out of their asset tracking software by using it to maximize tax deductions through...
Asset tracking software is saving substantial time and money as corporations leverage these solutions to maximize...
Warehouse management solutions have become vital to business, where interlinking resources and improving efficiency are...
The creation of the internal market is an on-going process, yet a key part is lagging behind and needs full attention –...
Here are four ways you can reduce your business expenses.
Manufacturers are preparing from growth and striking a balance between cost containment and investing in innovation.
Part 4 of our series on Travel & Expense Management software discusses implementation deadlines and holding...
Part 3 of our series on Travel & Expense Management software covers the importance of seamless integration with...
In part 2 of our series on Effective Travel & Expense Management Software, we discuss the need for providers that...
In part 1 of our series on Effective Travel & Expense Management Software, we discuss the need for multiple forms...
A week-long series dedicated to the most important things to consider before you purchase travel & expense...
The turbulent economic environment is still impacting operations across most industries (though not McDonald's, it...
Should you operate in a profit centre or cost centre environments at the start of your 3-minute coaching sessions to...
Emma Beaumont reports from Dallas: While the business case for offshoring holds water, the upheavals related to...
Is job security an obstacle to process improvement?
What if you looked at your IT budgets from an entirely new angle, starting with, “Is my IT spending appropriate for my...
Summary of articles on reducing costs for the week of 09/12/11.
Top Sources: Cost Reduction
- Industry Week
- bottaboom.com
- cost-improvement.com
- BusinessWeek
- mytechboxonline.com
- whatworksforbusiness.wordpress.com
- ssonetwork.com
- Information Week
- aheadconsulting.com
- New York Times
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Jobs in this Topic
Design To Cost / Life Cycle Cost Engineer ( Level 3 )(12016292)
Northrop Grumman
|
Palmdale, CA
Posted: May 8
Expense Category Management - Head of Outsourcing & IT Consulting (Americas)
Credit Suisse
|
New York, NY
Posted: May 9
Work with cutting-edge technology at premier healthcare facility
Vista Staffing Solutions
|
Alabama
Posted: Sep 13