Cost Reduction and Control Best Practices: The Best Ways for a Financial Manager to Save Money (Wiley Best Practices) - Hardcover

Über die Autorin bzw. den Autor

IOMA (Institute of Management and Administration) publishes a broad range of high-quality information products for business professionals. Their products serve two purposes: to improve the efficiency of their subscribers and to enhance the financial performance of the firm or organization. Over 180,000 top business professionals rely on IOMA publications, special reports, and electronic services every month.

Von der hinteren Coverseite

The official IOMA source for tips, techniques, strategies, and best practices in corporate cost-cutting

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.

Aus dem Klappentext

If the past few years have taught financial managers anything, it's that there will always be changes and challenges in the economic environment. Boom or bust, bull or bear, upswing or downturn, more and more companies are realizing that an ongoing commitment to cost reduction and control is the best way to weather the inevitable turmoil in today's global economic climate. Being proactive and implementing practical cost control measures now can lessen the likelihood of having to take drastic actions later actions that can imperil a corporation's direction and future.

First published in 2002, Cost Reduction and Control Best Practices quickly became a trusted resource for financial managers in companies large and small. Expanded and extensively updated, this edition includes the latest strategies companies are using to control costs, plus new chapters focusing on outsourcing costs, downsizing, consultants' costs, and business tax costs. It gives controllers, managers, and financial managers informed guidance on the most successful cost control strategies across the entire spectrum of business functions.

Within this book, the Institute of Management and Administration (IOMA) presents the best practices, techniques, and proven ideas to help control cost. It helps financial managers make decisions using a scientific method rather than relying on intuition or the latest management fad. Detailed case studies show how other companies have successfully cut or controlled costs in various areas of administration and operations.