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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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instance, has given her House committee chairmen until June 2 to provide a list of ways they can reduce expenses.
is looking for $20 million in concessions from the Globe's unions that it says are necessary to reduce costs at the...
with German car culture. Daimler Benz ran the numbers and saw efficiencies of scale. It believed it could cut costs by...
U.S. onshore natural gas fields and shrinking demand. Large industrial consumers have scaled back gas use to cut costs...
only problem is that fewer people are taking taxis.' Mass transit use has risen as people try to cut costs on...
had expected. 'Our positive earnings in this recessionary environment were the direct result of our rapid actions to...
had expected. 'Our positive earnings in this recessionary environment were the direct result of our rapid actions to...
it had reduced its workforce by 7% of last year by cutting 830 staff as it attempted to cut costs. Montgomery said...
billion, according to Thomson Financial. During the second quarter, we began to see signs of traction from the cost...
stock. 'That's why I think [bankruptcy] is more probable.'The moves are GM's latest efforts to cut costs and stem...
repeat what he said last year. The Times said it would continue to build its online business and cut costs reported a...
drive earnings improvement through strategic sourcing and procurement-related services, many companies are turning to...
the economy will recover by early 2010, but most say they still need to take further actions to reduce costs through...
agricultural equipment in its home market, the US. Fiat said it was studying measures to streamline CNH and cut costs.
Apr. 22. The fast-food chain is expected to thrive in a recessionary economy where diners are looking to cut costs.
BEIJING, April 21 -- Switzerland's largest bank UBS is committed to expansion plans in China despite several cost...
of the Company has increased. Meanwhile, the Company has further strengthened its internal control. Through adopting...
clubs from spending more than about half their revenues on salaries. Logically, club owners should be delighted to cut...
Day, to be held in Rotterdam today, CEO-designate Jan Hommen will provide an update on the measures to reduce costs,...
purchasing and logistics for Welch's. Coyne says the system has uncovered a great number of opportunities to cut costs...
still view them as fragmented, disconnected functions or processes that deal with logistics, freight, and warehousing.
subsidiary that serves the telecoms and IT needs of multinational companies. The problems rest on a failure to cut...
programs. The firm provides a range of services that can assist the client in identifying and implementing long-term...
2m this year Stirling Council is to get rid of 66 management posts and 50 administrative positions to cut costs.
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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