Cost reduction and control best practices - Institute of Management and Administration

This book is a totally updated, authoritative compilation of the best strategies and techniques being used to control costs in various industries and across virtually all business functions. Each chapter focuses on a different department or function and includes the latest best practices and dozens of practical tips and tactics from managers around the country. In–depth case studies and examples show how diverse cost reduction and control measures work in the real world.

The book includes specific techniques on cutting costs in the following areas:

• Human Resources


• Benefits


• Compensation


• 401(k) Plan


• Training and Development


• Accounting


• Accounts Payable


• Credit and Collections


• Purchasing


• Inventory


• Export Costs


• Outsourcing


• Downsizing


• Consultants


• Business Tax

Based on vast research by the Institute of Management and Administration, the premier resource for management professionals, this guide is ideal for managers and financial officers who need to implement cost reduction measures promptly, small business owners who need fresh ideas for cutting costs, and all executives who realize that ongoing cost control is vital for resiliency and competitiveness in fluctuating economic environments. Today, cost control must be integrated into corporate culture in order to preserve that corporate culture.