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Cost Reduction and Control Best Practices: The Best Ways for a Financial Manager to Save Money

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Cost Reduction and Control Best Practices provides financial manages with no-nonsense, balanced, and practical strategies that are being targeted and used nationwide for controlling costs by thousands of companies in areas such as human resources, compensation, benefits, purchasing, outsourcing, use of consultants, taxes, and exports. These best practices are based on the trenches experience, research, proprietary databases, and consultants from the Institute of Management and Administration (IOMA) and other leading experts in their fields.
  • Provides best practices and techniques for controlling costs within a company
  • New chapters focus on outsourcing costs, downsizing, consultants' costs, and business tax costs
  • Provides the latest strategies companies re using to control costs
The United States is currently experiencing one of the strongest economic environments and profit rebounds of the past 20 years. Nonetheless, most businesses are still targeting areas in which to further streamline costs and ultimately set the stage for a resilient bottom line during the next downturn. Because of the strength of the current rebound, though, most top executives have altered their cost-control focus. How can they—and you—be certain about what to focus on next?

The appropriate focus can virtually be assured when you have the security of knowing that you are implementing the cost-control strategies recommended by your peers and other leading experts in the field. This is the purpose behind IOMA’s Cost Control and Reduction Best Practices, and the reason we created it four years ago.

As your company’s main line of defense against the rising tidal wave of costs, this guide will ensure that you are focusing on what exactly has to be done. There is no substitute for making decisions on a scientific basis, and this book ensures that you will not waste time and money by using strategies based on “soft” grounds—intuition, guesses, or the latest management fad. With this guide you will be able to identify the no-nonsense, balanced, and practical strategies for controlling costs that are being targeted and used nationwide by thousands of companies in areas such as HR, compensation, benefits, purchasing, outsourcing, use of consultants, taxes, and exports. These best practices are based on in-the-trenches experience, research, proprietary databases, and consultants from the Institute of Management and Administration (IOMA) and other leading experts in their respective fields.

About the Author

IOMA (Institute of Management and Administration) publishes a broad range of high-quality information products for business professionals. Their products serve two purposes: to improve the efficiency of their subscribers and to enhance the financial performance of the firm or organization. Over 180,000 top business professionals rely on IOMA publications, special reports, and electronic services every month.
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