Cut costs without cutting staff. Make your business lean and green without limiting your ability to grow and to respond to an ever-changing marketplace. Learn to turn your waste into profit, to cut overhead costs, to negotiate the best vendor contracts, to manage maintenance costs, to get the most out of service contracts, and to minimize freight costs. This book will take you through the maze of cost containment step by step.
While cost containment is not as seemingly glamorous as sales or product introductions, cost containment is going to be a primary factor in both profitability and customer satisfaction, during the foreseeable future. Having been overlooked by most firms, the management of all expenses will eventually result in lower cost of product to customers, increased wages for employees, increased earnings for owners, increased sales, and greater quality of goods and/or services offered. In fact, whether your support overhead can be traced to facilities maintenance, capital equipment, or supplies, your cost of sales could be reduced by a range of 10% - 50%! Facilities managers and manufacturers should be looking at Total Productive Maintenance (TPM) as a means of getting to the 50% level. For almost all firms, profitability could easily double by paying attention to cost containment.
THE 4W'S OF COST CUTTING
Why- In an uncertain economy, which presently the United States and the rest of the world are in the midst of, it is difficult to increase sales. Sales are difficult to increase, whether you are a CPA firm or a manufacturer, due to fierce competition and reduced demand. An increase in sales during this sluggish economy can usually be obtained only by lowering prices....
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