While staff is always a major cost, there are many other cost categories, if trimmed professionally, can also create significant effects on bottom line. This book focus on overhead costs reduction.
Who should read this book?
Business owner, entrepreneur, CEO, CFO, senior management, HR manager, new business starter and probably everyone working on the business.
This book can also be a good training material for corporate knowledge management because we have been very well understanding that cost reduction process could have been highly effective when everyone got the same mindset in the corporation.
How long it takes to finish reading this book?
This book has around 100 pages. The font size was set to be suitable reading on mobile and tablet. You can easily finish reading in 2-3 days. We do recommend you take notes during reading and more importantly, try to implement.
How can I get this book?
We only provide electronic copy for this book at the moment, therefore you will receive a link to download the e-copy after completed the online payment, then you can start reading immediately. The download link will also send to your email, therefore please make sure you provide a valid email address during checkout.
This ebook listed price in USD.
Cost Reduction: Turn Cost Into Profit
About The Author
Richard C. H. Wong is a career cost reduction professional and worked for a number of large corporations in the financial, telecommunications and manufacturing sectors in charge of cost reduction programmes. In early 2000, he found cost-pro (www.cost-pro.com), a cost-reduction consultancy to source and evaluate global cost reduction programmes/solutions and introduce the best practices to help clients to improve significantly their bottom-line results.
With a deep understanding of how resistance can affect changes, he is a guru in cost reduction and his team have good successful track record in trimming costs for many organisations, including reducing the set-up cost of the first Asian automatic cash logistic warehouse by 20%, improving the usage or occupancy of a very expensive office building by 50%, greatly reducing the print bills of a large financial institution through the introduction of print management systems and the effective control of a commercially operated profitable print subsidiary and help many listed companies in the finance, F&B, manufacturing, trading sectors to reduce their overhead expenses.
As there are basic costs involved in a cost reduction project, carefully focusing on the unreasonable high cost areas and planning the project scope is critical, and can avoid project loss! A rule of thumb would be: picking 20% of the items that constitute 80% of the total cost, to study, which is also known as the 20/80 rule.
This book is divided into the following main parts:
- How to organize and get started the cost reduction initiatives
- Where to focus the reduction efforts
- Examples of cost category review to bring meaningful results
- How policy review can reduce cost
- How to make cost reduction happened