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Surviving the Storm: What Strategies Can a Company Use in an Economic Downturn?

inDinero

SEPTEMBER 1, 2023

In this article, we will explore some strategies to use in less-than-favorable economic environments and how they can be applied to help companies withstand the challenges posed by an economic downturn. It may also be beneficial to renegotiate rental or lease agreements to reduce overhead costs.

Reduced Overhead

Reduced Overhead Accounting Right-Sizing Efficiency

11 Cost Reduction Strategies in Procurement

Obobo

MARCH 23, 2023

For companies looking to reduce costs, procurement is often one of the first places they look. Cost reduction during procurement processes can be accomplished through various strategies that range from the short-term to medium and long-term goals. Short-term Cost Reduction Strategies Short-term Cost Reduction Strategies: 1.

Reduced Costs

Reduced Costs Inventory Management Automation Sourcing

Global Sourcing Brief

Surviving the Storm: What Strategies Can a Company Use in an Economic Downturn?

11 Cost Reduction Strategies in Procurement

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