A Manager's Guide to Creative Cost Cutting: 181 Ways to Build the Bottom Line - Softcover

Young, David

Softcover

ISBN 10: 0071396977 ISBN 13: 9780071396974

Publisher: McGraw-Hill, 2002

Synopsis

A Manager's Guide to Creative Cost Cutting This volume presents specific ways that companies can reduce costs without reducing staff, along with implementation plans and real-world case studies and examples.

About this title

Synopsis:

Cisco has done it. Motorola has done it. And now Hewlett-Packard is doing it. Company layoffs are growing as the economy weakens and companies are looking for ways to reduce costs and expand profits. Efforts to improve a company's bottom line can take one of two forms: increasing revenues or decreasing expenses. Increasing revenues is risky. Managers must make assumptions about a host of matters including purchasing patterns, competitors' moves, price resistance, product obsolescence, and manufacturing capabilities. Decreasing expenses, by contrast, is a sure thing. Once an employee is gone, so is his or her salary. This explains why almost all cost cutting efforts we read about involve employee layoffs. But cost cutting can be much more creative than that. A Manager's Guide to Creative Cost Cutting shows managers and business leaders that there are numerous ways to reduce costs without reducing staff. A Manager's Guide to Creative Cost Cutting presents the strategies and creative solutions for cutting both short-term and long-term costs to produce both immediate and continuous results.

A practical, hands-on reference, this book shows business leaders and managers how to leverage all resources within their organization to improve profits, reduce costs, and create a better place to work. Filled with engaging examples and efficient techniques to reduce expenses and, thus, expand profits, A Manager's Guide to Creative Cost Cutting; - Presents creative solutions to cutting costs such as eliminating redundant activities - Highlights real-world cases, from Intel's unpaid leave to Goodyear's debt negotiation - Shows how to uncover hidden costs - Identifies the 21 cost-reduction prohibitors Each cost-cutting method covers a two-page spread, for quick and easy reading. The book is organized into two major divisions, and each division has several parts. Each part contains a variety of two-page cost-cutting methods. There is also a closing section on what not to cut. In this day of company layoffs and a weakening economy, managers and business leaders have the seemingly impossible objective of improving the bottom line and reducing costs - without killing morale.

A Manager's Guide to Creative Cost Cutting makes this goal possible with the strategies and tools managers need to set the plans in motion.

From the Back Cover:

Make cost reduction and control a top-to-bottom imperative!

181 Market-Tested Strategies from Wal-Mart, Intel, GE, and Other Cost-Efficient Market Leaders

Cut-costs-at-all-costs is today's competitive mantra. But while trimming payroll is often the first place companies turn, layoffs can be disruptive and damaging--and frequently end up costing more than they save! A Manager's Guide to Creative Cost Cutting details 181 methods that companies can use to trim costs in virtually every area. Many are easy-to-implement quick fixes, and all are designed to allow a company to realize long-term competitive advantage instead of mere short-term cost reductions.

Written for managers at every organizational level, this straight-talking guidebook is filled with proven techniques, including:

• Methods for reducing Internet charges while speeding connectivity
• Tough questions to ask before committing to a new project
• Six Sigma processes to control frustrating--and expensive--quality defects

In today's highly competitive business world, cost cutting is more than just a suggestion; it's a necessity. Let A Manager's Guide to Creative Cost Cutting introduce you to an arsenal of cost-control weapons you can implement today and in the future to reduce expenses, expand profits, and improve shareholder value at every level of your organization.

About this edition

• Publisher: McGraw-Hill
• Publication date: 2002
• ISBN 10: 0071396977
• ISBN 13: 9780071396974
• Binding: Paperback
• Number of pages: 288