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

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

Institute of Management and Administration (IOMA)

Wiley Adobe E-Book February 2006

The official IOMA source for tips, techniques, strategies, and best practices in corporate cost-cutting This book is an authoritative and comprehensive collection of the best strategies and techniques being used to control costs across virtually every business function. Each chapter focuses on a different department or function and is built around original research, the latest strategies currently being used, and dozens of practical tips and tactics from managers around the country. Case studies and real examples illustrate this expert guide from the only truly definitive source-the Institute of Management and Administration.

The book offers specific techniques and proven best practices on cutting costs in the following areas:

Human resources



401(k) plans


Training and development


Accounts payable

Credit and collections

Accounting systems




Mail center


Ideal for managers facing a crunch, financial officers trimming budgets, and small business owners who need fresh ideas for cutting costs, Cost Reduction and Control Best Practices is the ultimate resource for controlling costs simply and effectively.

IOMA (Institute of Management and Administration) publishes a broad range of high-quality information products for business professionals. Their products serve two purposes: to improve the efficiency of their subscribers and to enhance the financial performance of the firm or organization. Over 180,000 top business professionals rely on IOMA publications, special reports, and electronic services every month.


Preface. Acknowledgments.

1. Corporate Cost-Control Strategies.

2. Human Resource Department Costs.

3. Benefits Costs.

4. Compensation Costs.

5. 401(k) Plan Costs.

6. Training and Development Costs.

7. Accounting Department Costs.

8. Accounts Payable Costs.

9. Credit and Collections Costs.

10. Purchasing Costs.

11. Inventory Costs.

12. Export Costs.

13. Outsourcing.

14. Downsizing.

15. Consultantsí» Costs.

16. Business Tax Costs.