business cost reduction strategy - management

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Please list out Cost Reduction Strategies/ cost control measures?

In a large size,service orientaed business I want control the cost.


Seek out gas-powered appliances rather than electric powered

Use flouroscent lighting where possible

Buy in bulk

Streamline menu, be creative in re-using same ingredients differently across various menu items

American faces rough flight in cost-cutting union talks

American faces rough flight in cost-cutting union talks

By Scott Blake
    American Airlines this week plans to resume cost-cutting negotiations with its labor unions, but the financially troubled carrier could have a bumpy ride.
   Miami's dominant airline and one of South Florida's largest private employers, American is trying to improve its cash flow by $3 billion a year by 2017, including $2 billion in "cost savings" and $1 billion in "revenue enhancements," as part of its plan to emerge from Chapter 11 bankruptcy protection.
   The savings mainly would come from a 20% cost reduction in each of American's employee groups, including management, saving about $1.25 billion a year.
   The revenue gains would come from drawing more business and doing it more efficiently by adding new planes to its fleet to better "match aircraft size to the markets we serve," updating

Intelligent Cost Cutting

Jon Mulligan, CEO of Openplain, gives 4 cost cutting tips for business. Simple tips that can cut costs without effecting employee morale or ...

Cost Reduction For Business: How To Best Manage Your Costs | Smart ...

  Once you have come up with a strategy, you must figure out ways to reduce costs, increase market share, and gain an edge against your competitors. You must develop a solid cost reduction plan that will allow you to control your costs.   In your cost reduction plan, you will establish your goals and explain your forecasts....

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business cost reduction strategy - Read It!


Bugs in the system, redesigning the pesticide industry for sustainable agriculture
222 pages
Bugs in the system, redesigning the pesticide industry for sustainable agriculture

Restructuring and Cost-Cutting Strategies Costs, especially R&D costs, are rising and margins are slipping as more markets become cost driven. Cost-cutting is a major issue in every company's strategy and it will gain in importance ...

Telecom audit, a complete cost-reduction strategy for your corporate telecommunications bills
403 pages
Telecom audit, a complete cost-reduction strategy for your corporate telecommunications bills

This work explores the various technologies in terms of cost and ROI, sets up some case studies to solve real communications issues, offers cheap ways to meet bandwidth requirements, looks at the players in the marketplace in terms of ...

Cost Reduction Analysis, Tools and Strategies
336 pages
Cost Reduction Analysis, Tools and Strategies

Alternate Sourcing Difficulty EXHIBIT 8.1 Cost Reduction Strategy Matrix purchased. If there are few suppliers ... then a company can engage in a global search for the lowest-cost provider or reverse auctions to bid down prices.

Services Marketing 3E Services Marketing 3E

By manipulating these two strategic levers, the yield from any service business ... SERVICE COST REDUCTION STRATEGY Tata Consultancy Services (TCS) aims to prune its selling, general and marketing expenses to 19 per cent of its total ...

A Practical Guide to Reducing IT Costs
310 pages
A Practical Guide to Reducing IT Costs

Business Goals Review the changes in the business goals, priorities, and projects as they have an impact on the IT projects and expenses. Look across all areas of IT and align the cost reduction strategy with the business strategy and ...

business cost reduction strategy - News


MacroAsia to step up cost-cutting efforts in 2011
“The increase is driven largely by the increase in the company's share in the net income of its associates, particularly LTP with its continued sustainable cost leadership strategies,” the company said. The company said its share in LTP's earnings more

Outsourcing: IT Customers Disappointed With Results
The three biggest drivers for outsourcing among the 1176 IT and business executives who responded to the online survey were access to skills not available in-house (52 percent), cost reduction (50 percent), and managing variable staffing needs (44

Pratt & Whitney Engine for Spacecraft
The company's most significant actions were at Carrier, related to ongoing portfolio transformation initiatives in overhead cost reduction projects, and at Hamilton Sundstrand, which continued to advance the low-cost sourcing strategy.

5 Most creative Social Media Ways to Improve Customer Service
Reduction in cost: Customers have better things to do than to be on call for hours because of a simple issue. With Twitter, the solution is quick, cheap and precise and it also reduces the call rates and time. There can be various reasons to use the

Fitch revises Pick n Pay's outlook
While Pick n Pay has taken steps to defend its market position, including a cost reduction programme and promotional activities with the launch of its 'smartshopper' customer card in 2011, Fitch notes that intense price competition from rival food