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Cost reduction

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 August 2012 Kindly suggest how to start working on cost reduction for the service providing organization (NGO) related to administration cost including (HR, Accounts, Admin, IT).
what steps can be taken to reduce the expense.
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CA Suresh Jain

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CA Suresh Jain (Expert)
29 August 2012 THERE ARE MORE THAN ONE WAY TO ANALYSE THE COST TO REACCH AREA WHERE COST COULD BE REDUCED ONE OF THEM IS TO CLASSIFY THE HISTORICAL COST IN A/B/C CATEGORY AS PER AMOUNT AND PAY MORE ATTENTION TO THE COST IN DESCENDING ORDER.

ANOTHER WAY TO START WITH THE TARGETS AND MAKE THE BUDGET FOR EXPENDITURES

IF YOU PROVIDE FOR THE DETAIL OF YOUR FUNCTION/ACTIVITY AND PRESENT COST A PROPER SUGGESTION COULD BE GIVEN
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