Cost Improvement 181 Methods: Turning Yesterday's Costs into Tomorrow's Profits

Author: David W. Yang (USA); Lin Xiaochi
Publisher:
Publish Date: 2005-05-01
Features: "Cutting all costs" is the current competitive mantra. But when reducing wage expenses becomes a company's top choice, laying off employees can cause chaos and disruptive effects—often resulting in greater expenditures. 181 Ways to Improve Costs details 181 creative methods for cutting costs and increasing profits, applicable at all levels of the business. Many of these methods are simple and actionable, enabling companies to achieve long-term competitive advantages, not just short-term cost reductions. This book is a clear and concise guide for managers at all levels. The cost-cutting methods introduced in this book come from market leaders such as Walmart, Intel, and General Motors, including:
- Traditional cost-cutting methods: Covering reductions in labor costs, administrative expenses, fixed asset investments, and other costs.
- Further exploring possibilities for reducing costs: Including lowering working capital costs, fully utilizing new technologies, and achieving long-term cost reductions.
- Building a cost control system: From a corporate strategy perspective, making this system a way of operation to establish sustainable competitive advantages.
In today's fierce competitive environment, cutting costs is not just a suggestion but a must for business success. This book provides powerful cost-cutting tools, and you can start using the methods in it today to reduce expenses, increase profits, and enhance shareholder value across all levels of the company.