Cost reduction: optimising the cost of doing business
We help businesses to reduce cost of sales and overheads. Cutting cost may impact on the way a business grows and innovates so we help our clients find the optimal solution.
Our approach includes helping clients with the following:
- To understand their cost base and cost drivers using techniques such as Activity Based Costing(ABC),
- Review not just costs and overheads monitored in the Profit and Loss statements but we also review the potential impact of items sitting on the balance sheet.
- Review suppliers costs and benchmarking against competitors
- Review of utility bills through our business network to ascertain that the charges are reasonable.
- Implement cost control procedures for delegation of authority, purchasing, staff expense claims.
- Implement processes to monitor cost such as deviation from budget and more targeted cost busters approach to adopt correct cost awareness amongst staff.