Hi.
Greeting!
Please could you provide two examples of when you have achieved cost savings in an organisation?
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Cost saving
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Quick Summary
When you implement a good quality control, then any detective goods that get produced will eliminate by keeping proper checks on production.
It depends upon many factors. Just follow off performance management and you will observe many things which you can achieve. However, there are no formulas to do magic.
A higher rate of interest loan paid off with a lower rate of interest loan. Evaluating whether to start a factory canteen vs appointing a third party caterer. Maintaining a dollar bank account to avoid conversion costs for export Receivables and import payables etc etc
These are also good measures, Finance side and quality side. Then you can improve on governance to reduce any agency costs. It's simply like when ever you give a check to your creditor, find out what are the other alternatives you could have chosen to reduce that cheque into half. You will automatically know what to do.
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