Cost Reduction Analysis: Tools and Strategies
As every organization has learned from today's global economic climate, an ongoing commitment to cost reduction and control in both good times and bad is a surefire way to weather inevitable economic turmoil. It's true: being proactive and implementing practical cost control measures now will lessen your company's likelihood of having to take drastic actions later—actions that can imperil its direction and future.Written by renowned accounting expert Steven Bragg,Cost Reduction Analysis: Tools and Strategiesclearly lays out the tools for determining which costs your company should cut without impacting its ability to deliver goods and services. This practical book walks you through:Specific cost reduction opportunities in sales/marketing, product design, production, payroll, and benefitsMethods for improving the procurement process to reduce operational costsA broad array of techniques for reducing a company's investment in inventoryThe best forms of analysis to follow when deciding whether to invest in a fixed assetWhy all cost reduction decisions should be based on how they impact the productivity of throughput analysisLiberally sprinkled with concept-clarifying examples as well as a variety of metrics specifically designed to help you monitor your firm's cost reduction progress,Cost Reduction Analysis: Tools and Strategiesis your ideal sourcebook for maximizing profits through a successful system of cost reduction.