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

In a highly competitive operating environment in which we live, it is often difficult for a company to raise prices, unless it can differentiate its products and services in such a way that customers are prepared to pay a premium price. Even then it is necessary to produce the best value at optimal costs. Most companies are price takers and the only area that they have control may be their costs. This is where this book is very handy and it provides managers with effective techniques and tools that they can employ to control and manage costs. The book shows that all departments can adopt best practices to ensure that their costs structures are optimal. Other areas to target for cost control include outsourcing, rightsizing organisations, the use of consultants and elsewhere. This is an excellent book that is essential reading for all managers who need to learn the techniques, strategies and best practices in reducing costs for organisations. The author reinforces their well presented arguments, proposals and solutions with case studies and real examples that should assist managers in implementing the tips that they would have learnt. 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 "As part of the current economic downturn, corporate belts are tightening from coast to coast. Everywhere, controllers, managers, and financial executives are looking for new ways to cut costs - sometimes by just trimming the fat and sometimes by chopping off whole limbs.". "Most controllers or financial managers act as the chief cost control force within their companies. Until now, they have operated without a comprehensive source of informed guidance. IOMA's Cost Reduction and Control Best Practices provides a quick review of the most successful cost control strategies across the entire spectrum of business functions. This detailed resource describes what works best in specific situations and in specific areas of the company."--BOOK JACKET. Corporate Cost-control Strategies -- Human Resource Department Costs -- Benefits Costs -- Compensation Costs -- 401(k) Plan Costs -- Training And Development Costs -- Accounting Department Costs -- Accounts Payable Costs -- Credit And Collections Costs -- Purchasing Costs -- Inventory Costs -- Export Costs -- Outsourcing -- Downsizing -- Consultants' Costs -- Business Tax Costs. Institute Of Management And Administration (ioma). Series From Jacket. Includes Bibliographical References And Index. "This book is a totally updated, authoritative compilation of the best strategies and techniques being used to control costs in various industries and across virtually all business functions. Each chapter focuses on a different department or function and includes the latest best practices and dozens of practical tips and tactics from managers around the country. In-depth case studies and examples show how diverse cost reduction and control measures work in the real world."--BOOK JACKET Teach Like a Champion 2.0 is a complete update to the international bestseller. This teaching guide is a must-have for new and experienced teachers alike. Over 700,000 teachers around the world already know how the techniques in this book turn educators into classroom champions. With ideas for everything from classroom management to inspiring student engagement, you will be able to perfect your teaching practice right away. The official IOMA source for tips, techniques, strategies, and best practices in corporate cost-cuttingThis book is an authoritative and comprehensive collection of the best strategies and techniques being used to control costs across virtually every business function Despite the strongest economic environment and profit rebound in the past 20 years for most businesses, companies are still targeting areas in which to further streamline costs.