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cost management Tagged Articles
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Cost Control in this Economy
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| Cost control is not just a checklist, but a way of thinking that cost effectiveness is the primary objective. Focus on results, not the process. And please, don’t just look at direct hourly people for improvement. That is probably not where your big costs are. Show me the money.
For a deeper analysis, my book called Cost Reduction; Survive, Recover, Thrive offers actions for any phase of the economy, for all levels of the organization chart. It is listed on Amazon, search by the title please. It is available in a Kindle edition as well as paperback.
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What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 11)
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| There are many factors both internally as well as externally that are affecting supply chain/ procurement practices today. From the growing talent vacuum to the continuing lack of collaboration between Finance, IT and Purchasing relative to corporate initiatives.
What in your own experiences and opionions are the top 3 issues that procurement professionals face? |
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General Ideas on Expense Management
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| Budgeting and managing expenses are easily overlooked in the heat of driving sales. Here are some ideas to manage costs and possibly avoid the slippery slope to insolvency. |
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Cost Control, Cost Reduction after you cherry pick; get serious about Productivity Improvement
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| Cherry pick, gather the low hanging fruit. That's good Cost Control advice, but then what? Especially if a double dip recession is upon us and cost reduction is paramount. To reach the next level of productivity improvement may be a bit harder, but the results can benefit your organization structurally over time. This article explains some actions and their value.
For a deeper analysis, my Amazon book called Cost Reduction; Survive, Recover, Thrive offers actions for any phase of the economy, for all levels of the organization chart. It is listed on Amazon, search by the title please. It is available in a Kindle edition as well as paperback. |
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Other cost management Related Articles
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MANAGING RISK
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| A risk management approach should continuously monitor risk through activities such as identifying, analyzing, mitigation planning, tracking, and controlling risks. Additionally, risk management programs balance the cost of risk occurrences with the cost of mitigation activities by prioritizing risks and the activities to mitigate risks. |
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Dangerous Supply Chain Myths (Part 2)
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| Segment 2 - Supplier Development and Management: The Fruit of a Poisonous Tree?
Supplier Development and Management
Effective supplier development and management should deliver a competitive advantage in cost, quality, delivery/responsiveness, technology, and innovation achieved. |
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What is a reasonable cost model for providing a 3PL warehouse management service (Survey Result 1)
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| What is a reasonable cost model for providing a 3PL warehouse management service and how would it best be structured to hit the key points with both the logostics and finance executives?
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What is a reasonable cost model for providing a 3PL warehouse management service (Survey Result 2)
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| What is a reasonable cost model for providing a 3PL warehouse management service and how would it best be structured to hit the key points with both the logostics and finance executives?
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What is a reasonable cost model for providing a 3PL warehouse management service (Survey Result 3)
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| What is a reasonable cost model for providing a 3PL warehouse management service and how would it best be structured to hit the key points with both the logostics and finance executives?
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What Will Your Transition Cost?
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| Although culturally it may cost men to become introspective and to examine in some depth what's really important to them, the cost of failing to perform this kind of self-examination could be much higher. It cost you everything you hold dear. |
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Reduce Employee Turnover Costs
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| There are many statistics and complex methodologies to support the notion that employee turnover costs are seriously affecting mid-sized enterprises. On the low end, the Hay Group reports that the cost to replace an employee is 50% of their total compensation, including benefits. On the high-end, Hewitt & Associates puts the cost between 100-150% of annual compensation. While executive management and sales staff are more costly to replace, churn in any function affects the bottom-line. |
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How PPC account management can help your Business Grow
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| There are different ways how your business can gain from PPC account management. To start with; it helps businesses understand the intricacies of Pay per Click account and also the cost associated with such a business. Generally, the services related to pay per click account management are supported and specified by analysts that are intensively trained. They are useful in not only saving valuable time and cost on labor but also in improving upon pay per click performances. |
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Price is what you pay. Value is what you get.
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| I recently had the pleasure of attending and speaking at the 6th CIPS Australasia Annual Conference for the procurement profession. It was my third invitation to speak at a CIPSA event in my capacity as a professional representing the sales profession. The theme for this conference was ‘Managing Volatility’. A key message I gleaned from the conference was Value Management rather than the narrow band width of Cost Management. |
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Project Management Software for A More Manageable Project
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| Businesses and organizations make the most of project management software when managing small or large projects. Projects are increasingly being managed by such software to look after the scheduling, cost and budget management in terms of finance and resources and other administrative systems. All management software are always in a position to provide reports and other information needed by the team to handle projects effectively.
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