Cost Reduction Practices Most Leaders Miss

In my last blog for the Manufacturers Alliance I shared the principles behind a wise approach to cost reduction, to define the broad processes involved. In this article I want to examine some of the key areas where opportunities lie. However, before we start, it is incumbent upon management to get its own house in[…]

A Wise Approach to Tackling Cost Reduction

Corona Virus has changed the world around us fundamentally. For many businesses returning to whatever the “new” normal represents, there will be a need to adjust cost structures downwards. Margins may be stretched. Competition may be harder and cash flow will be king, even more so than before. Cost reduction isn’t new. Up the start[…]