Methods and techniques of cost control ans cost reduction
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Cost reduction program should be according to requirement of the company.
Cost reduction program is a continuous activity that cannot be treated as one time or short term activity. Success of any cost reduction program may lie in only continuous improvement of efforts.
Cost reduction program should be real and permanent.
Example setter of cost reduction program should be top management employee. Success of this program depends on co-operation of all employees and department of an organization.
Employees should be rewarded for their participation in cost reduction program and for giving innovative ideas related to this program.
Cost reduction program is a continuous activity that cannot be treated as one time or short term activity. Success of any cost reduction program may lie in only continuous improvement of efforts.
Cost reduction program should be real and permanent.
Example setter of cost reduction program should be top management employee. Success of this program depends on co-operation of all employees and department of an organization.
Employees should be rewarded for their participation in cost reduction program and for giving innovative ideas related to this program.
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