inDinero

SEPTEMBER 1, 2023

It may also be beneficial to renegotiate rental or lease agreements to reduce overhead costs. Instead, consider flexible staffing options and identify and eliminate any redundancies across the workforce. Finally, investigate whether you qualify for government grants or aid programs that can bolster your cash flow.

Reduced Overhead 52

Reduced Overhead Accounting Right-Sizing Efficiency 52

Zinnov

OCTOBER 18, 2023

Unbundling ‘core vs support,’ companies looked at offshore locations to cut costs and reduce overheads. A company may consider retaining governance inhouse while outsourcing operations. Thirty years ago, the concept of looking beyond domestic borders for talent was purely based on a cost arbitrage philosophy.

Outsourcing 52

Outsourcing Offshoring Reduced Overhead Right-Sizing 52

Obobo

MARCH 23, 2023

Be Flexible While it’s important to have a clear idea of what you are willing to pay, remaining flexible can often lead to better results. By being flexible, you can show suppliers that you are open to finding mutually beneficial solutions that work for both parties. Evaluate and improve procurement governance.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52