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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
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Better management of unused assets generate huge savings through internal redeployment, reducing maintenance and...
Unwanted costs happen due to operational problems and issues (OIPs). They are not something that can be easily and...
Here’s another cost-cutting strategy for your office needs that is so simple, people always forgetting about doing this.
Here are six more in the What Works for Business series of new small biz solutions you can digest in 10 seconds or...
Asset tracking software is saving substantial time and money as corporations leverage these solutions to maximize...
To keep your business growing and profitable, it is critical that you minimise your expenditures. Here are some tips on...
Target Costing, however, focuses more from the Top-Down viewpoint. This means that the maximum possible cost of the...
New technology can streamline the purchasing process
Lack of or poor training, results in operational issues and problems that lead to unnecessary costs being incurred by a...
Given the overall economic environment, 2010 would seem a highly inopportune year to bring any new type of product or...
A week-long series dedicated to the most important things to consider before you purchase travel & expense...
Emma Beaumont reports from Dallas: While the business case for offshoring holds water, the upheavals related to...
ComMetrics cost classification model for social media marketing: 1st post in a series. Starting with how full cost...
Should you operate in a profit centre or cost centre environments at the start of your shared services journey?
What if you looked at your IT budgets from an entirely new angle, starting with, “Is my IT spending appropriate for my...
Improving costs and productivity is what we call cost-improvement. It’s quite simple: you need to either spend less or...
Telecommunications expense management software is a valuable audit tool.
A new free online tool for RFQ bid analysis
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As year end approaches and companies continue their relentless cost cutting initiatives, accounting professionals...
As the number of channels which a company can service its customers through has proliferated over the years and will...
Instead of selling their surplus equipment, firms should instead try to find new uses for this equipment internally.
As part of the Travel & Expense Management Series on SSON experts reveal handy hints for smooth and successful...
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
