Publications
Strategy for cost reduction (2002)
Reducing cost without sacrificing the future of your business
Is your company under increasing cost pressure?
According to PA's International Managing for Shareholder Value survey, 77% of companies claim to measure and tightly manage the use of their cash. This focus on the tight management of cash is a manifestation of the increasing pressure companies feel to reduce costs.
"The strategy we developed with PA was a good one, with a joint approach to project management. This ensured that all angles were considered, contributing to a well-constructed partnership contract."
Peter Bareau
Chief Executive and Director of Savings
National Savings & Investments
The challenge of cost reduction has been brought to the fore for many reasons ranging from the economic environment to pressures peculiar to particular industries. Examples of these challenges, cited by our clients, include:
- Competition eroding revenues
- Technology fundamentally changing customer expectations
- Deregulation leading to long-term loss of market share.
Whatever the reason, the pressure to reduce costs seems to be greater than ever before. PA's considerable experience includes designing and implementing strategic cost reductions, ensuring the best mix of skills to enable success.
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