Cost cutting
This query is : Resolved
06 November 2008
We want to go for cost cuttings & savings in our company please suggest some good ideas even gives small saving
S.Srinivasaraghavan
(Expert)
06 November 2008
Meaningful Cost cutting ideas are not possible without studying the operations of the company. THe ideas are company specific.
CA Bosu babu
(Expert)
06 November 2008
whats your comapny business and tell me the type of trans?
06 November 2008
My company is manufacturing Cement.
We want to start from small plans to cut cost mainly in bank charges ,fund collection, day to day expenses, staff welfare activities, etc
We want to start from small plans to cut cost mainly in bank charges ,fund collection, day to day expenses, staff welfare activities, etc
S.Srinivasaraghavan
(Expert)
06 November 2008
Start a zero based targetted cost exercise. It means acceptance only of a function that adds value and denial of incurrence of expenditure unless the rationale is understood. It is a tough exercise, but it will lead you to desirec economy across the board.
S.Srinivasaraghavan
(Expert)
08 November 2008
I have suggested the ideas I have. You will have to develop on that based on your specific requirement.
Pankaj Jhawar
(Expert)
10 November 2008
Reduce Entertainment expenses, business promotion expenses, telephone expenses, stop new recruitment expenses, limit tours and fix small limit on travel, tour and conveyance, defer capital expenditure if possible
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