Concentration should be made on controlling the controllable. Unless care is exercised, much time and money can be wasted in endeavoring to control the uncontrollable. Much of the success in cost reduction comes from judgment exercised in relation to categories in which various expenses lie and the respective opportunities offered. Costs are not reduced by raising voices against people. Often there is too much talk about cost reduction and too little planning and concentrated effort.
Cost reduction is the real key to national prosperity under a rising standard of living.
No concern can afford to ignore cost reduction. The competition will not do so. Money must often be spent in one place to save in another. Cost reduction requires resourcefulness, imagination, and enthusiasm. Success in affecting savings today merely presages extra effort tomorrow.