10 Minutes on Sustainable Cost Reduction

Download

The problem with traditional cost-cutting measures is that companies implement them without long-term planning. Often, these knee-jerk approaches result in short-term cost savings that eventually trickle away and can damage corporate infrastructure and culture, leaving companies struggling long after a downturn ends.

PwC's 10 Minutes on Sustainable Cost Reduction shares approaches that stick during good and bad economic periods by discussing the following:

• How companies must simultaneously tackle cost reduction and cost management and control
• Why traditional cost-reduction methods often fail over time
• Why companies can't sustain cost-cutting measures if they don't address the 'spend culture'
• How a strong foundation for reducing expenses must be established before introducing transformational initiatives