Tag: cost optimisation
Why cost-cutting is killing the organisation and How cost optimisation could be the solution…
Cost-cutting means cutting down on the existing cost without investigating the existence of the same in the first place. If cost-cutting is required then it means the management has to acknowledge that there was a significant error in its ability to monitor the costs in past. Change in business model…
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Value creation through Cost optimisation
The cost management team seeks to identify and maximize profit and reduce the risks associated with their portfolio. Yet most cost optimisation efforts are focused on improving cost-efficiency. This results in cost reduction, but not value creation. Optimising returns is a must to fully unlock the potential of the cost…
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