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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. This topic contains 1,483 news and 257 blog items. Read updated news, blogs, and resources about Cost Reduction. Find user-submitted articles and reactions on Cost Reduction from like-minded professionals.

News

Recent news on this topic.

US ethanol maker Biofuel Energy warns of bankruptcymore

has decided against that, it said. Biofuel said its officials have 'initiated a company-wide business restructuring...

Socket Mobile Streamlines Executive Team Organizationmore

provider of mobile productivity solutions, today announced a streamlining of its executive team as part of its planned...

AMD to Take Further Action to Cut Costsmore

Service Advanced Micro Devices on Friday said it would take further actions, which could include facility closures, to...

FedEx Lays Off 1,000 Employees Amid Cost-Cutting Effortmore

layoffs at the company's FedEx Freight unit in February. At the time, they said they planned to reduce expenses by...

Investors Asked to Stop Focusing on Bank's Mistakesmore

chief executive at the bank in November, and Mr. Hampton, who was named chairman in January, started to cut costs by...

Baker Hughes: US Oil, Gas Rig Count Up 4 To 1,043 This Weekmore

U.S. onshore natural gas fields and shrinking demand. Large industrial consumers have scaled back gas use to cut costs...

BrightTALK Hosts IT Automation Summitmore

will share best practice advice and the latest challenges and trends in areas including efficiency, scalability,...

AMD sees restructuring costs of about $50 millionmore

benefits, the company said. Roughly $13 million is related to contract or program termination costs. AMD said further...

Avatech Solutions Strengthens Operating Program with Enhanced Offering...more

strong team of technical and business development talent to create solutions that address its customers' needs...

UPDATE 2-Oce's Q1 profit beats expectations, shares surgemore

within its bank agreements in the coming quarters. 'With these results Oce provides a clear indication that its cost...

US Steel leads rally sparked by economic figuresmore

earnings, shares in the chain of book shops jumped 46 per cent to $0.92. The company will cut costs by selling most of...

Employers introduce pay freezes to cut costsmore

Between a fifth and a quarter of wage settlements in the first few months of this year have involved pay freezes as...

CBS Turning Off 'Guiding Light'more

to try to keep the franchise alive, especially in switching the production to a digital format intended to reduce costs.

Forbearance on bonusesmore

With senior executives under pressure, is waiving a payment a good way to cut costs and boost employee morale or just a...

EMC cuts CEO's and top execs’ salarymore

have their bonus targets cut by 10%. 'Given the challenging global economic environment, as part of our ongoing cost...

Uncertainty, angst roll on for U.S. auto workersmore

suppliers and dealerships have lost more than 400,000 jobs over the past year as Detroit's automakers cut costs to...

Lucas Energy Announces Cost Reduction Programmore

LEI) ('the Company), an independent oil and gas company based in Houston, Texas announced today it has implemented cost...

UPDATE 1-Johnson Controls to cut more jobs, close 10 plantsmore

3 million units in Europe. At the end of 2008, Johnson Controls announced a $495-million restructuring program with...

UPDATE 1-Quebecor World loss shrinks as printer cuts costsmore

12 percent of its workforce in 2008 and that it currently has about 20,000 employees. 'Major overhead cost reduction...

Baker Hughes: US Oil, Gas Rig Count Down 41 To 1,085 This Weekmore

U.S. onshore natural gas fields and shrinking demand. Large industrial consumers have scaled back gas use to cut costs...

Cell Phone Audit Saves Company Expensemore

Cell phone billing overcharges are major cost management headaches for corporate users. What general areas do we review...

Money Talks, Cellphone Contracts Walkmore

plans because of financial concerns, Mr. Hueber said. As , pay-as-you-go phones are winning over recession-battered...

Blockbuster to cut costsmore

Blockbuster will try to cut costs for at least the early part of this year, in part by buying fewer DVDs from the...

City hospitals tighten their budget by $105Mmore

3 million from operational and procurement efficiencies; $34.4 million from optimizing revenue collection; $20.

Sony takes historic decision to freeze paymore

how employment flexibility at Sony and other Japanese manufacturers is being strained to the limit by efforts to reduce...

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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Cost Estimator,Onshore Projects US Shell | Woodcreek, TX
Posted: Apr 9
Telecom and Cost Containment Sales Total Telecom Consulting | Pittsburgh, PA
Posted: Apr 22
Program Cost Sched & Cont II Raytheon | El Segundo, CA
Posted: May 2
Cost Accounting Manager Randstad Finance & Accounting | Palo Alto, CA
Posted: May 18
Cost Reduction Engineer Bartech Group | Warren, MI
Posted: May 15

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