Saving the Day

Who said conserving cash involves major sacrifices? How to cut costs without forgoing corporate performance.

Andrew Wileman

Excess cost can be created by indirect factors that aren’t immediately apparent. You can attack these costs only by getting to the real heart of the problem, rather than just bashing away at the cost itself. The three biggest indirect cost generators are time, complexity, and poor quality. And no savings-seeking manager should overlook the potential gains in turning customers into workers.