Cost Reduction Strategy

COST-REDUCTION STRATEGY

It is important to note that a direct squeeze on costs

may not necessarily mean effective cost controls.

Sometimes additional cost might have to be

incurred to ensure cost effectiveness in the long

term.

It could also be achieved through:

		improving operational efficiency by using
		appropriate tools,
		evaluate and re-engineer process to eliminate
		inefficiency and redundancy,
		strategic outsourcing of functions.


	;

KrishnaS could help in determining the key cost reduction areas
and recommend the best tools and methods for implementing the
cost reduction strategy.

This would be achieved by one or more of the following:

		Do a complete Management audit of your organization
		Map and document existing processes
		Review and enhance systems/processes
		Introduce standard templates for Monthly Management
		Information System and Cash Flow Analysis
		Advice on methodology for strategic outsourcing of activities