Friday, September 6, 2013

Strategic initiatives for cost reduction

The graph below was created using Google’s graphing tools.

This horizontal bar graph shows the percentage of companies responding to a Deloitte survey that are implementing the strategic initiatives described in the graph.

The Deloitte survey is “What’s Next?  Deloitte’s Second Biennial Cost Survey.  Cost Improvement Practices and Trends in the Fortune 1000”.  Click here to access the report (PDF file).

A principle conclusion reached in the survey report is that more emphasis should be placed on strategic, long-term approaches to cost management versus short-term, quickly implemented cost reductions.

Strategic Initiatives for Cost Reduction

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