Cost Reduction And Control Best Practices - Second Edition

Ioma

Physical

In Circulation

Cost Reduction and Control Best Practices provides financial manages with no-nonsense, balanced, and practical strategies that are being targeted and used nationwide for controlling costs by thousands of companies in areas such as human resources, compensation, benefits, purchasing, outsourcing, use of consultants, taxes, and exports. These best practices are based on the trenches experience, research, proprietary databases, and consultants from the Institute of Management and Administration (IOMA) and other leading experts in their fields.

* Provides best practices and techniques for controlling costs within a company

* New chapters focus on outsourcing costs, downsizing, consultants' costs, and business tax costs

* Provides the latest strategies companies re using to control costs.

What will you learn from this book

  1. Cost Analysis and Management: The book likely covers techniques for analyzing and managing costs across various aspects of business operations.

  2. Budgeting and Forecasting: Discussing best practices in budgeting and forecasting methods might be a focal point, aiming to enhance accuracy in cost projections.

  3. Process Improvement: Exploring strategies for process improvement to reduce inefficiencies and streamline operations, thereby lowering costs.

  4. Cost Control Measures: Highlighting different cost control measures that organizations can implement to manage and minimize expenses effectively.

  5. Vendor and Supplier Management: Strategies for negotiating with vendors and managing supplier relationships to achieve cost savings might be discussed.

  6. Technology and Automation: Embracing technology and automation as tools to drive cost reduction initiatives and improve efficiency in various business processes.

  7. Inventory Management: Efficient inventory management practices that aim to reduce carrying costs and optimize stock levels could be a key focus.

  8. Outsourcing and Insourcing: Discussions might revolve around the considerations and best practices related to outsourcing or insourcing certain functions for cost-effectiveness.

  9. Employee Engagement and Productivity: Addressing ways to enhance employee productivity and engagement, which can indirectly impact cost reduction efforts.

  10. Compliance and Risk Management: Strategies to manage compliance costs and mitigate risks associated with cost reduction initiatives.

Language English
ISBN-10 0-471-73918-9
ISBN-13 9780471739180
No of pages 531
Font Size Medium
Book Publisher Wiley
Published Date 22 Nov 2005

About Author

Author : Ioma

2 Books

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