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Category: Cost Management

5 Biggest Challenges in Cost Management Today

July 12, 2019 Boost Profits Admin

A recent poll conducted by Cost Management Association identified the 5 biggest challenges organizations are facing today related to cost…

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Posted in: Cost Management Filed under: challenges, Cost Management, management buy-in, non-salary expenses, operating costs, savings, savings opportunities, value analysis

Build Versus Buy Decisions Have Changed

Boost Profits Admin

An annual contract management study shows that every category of outsourced service from food service to engineering contracts has increased…

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Posted in: Cost Management Filed under: contract management, cost, lower costs, outsourcing, outsourcing contract, price

Finding More Time for Your Cost Management Initiatives

July 11, 2019 Boost Profits Admin

We all realize that time is fleeting, and before we know it the year is over and we haven’t found…

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Posted in: Cost Management Filed under: Cost Management, delegate, purchasing, savings, savings goals, time

Finding Time to Analyze the Thousands of Products, Services, and Technologies You Purchase

Boost Profits Admin

A common concern amongst cost managers today is that they have too many products, services, and technologies to analyze and…

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Posted in: Cost Management Filed under: budge approval, cost, evaluate, purchases, supply chain, value justify

Gaining Your Management’s Approval for Cost Management Initiatives

Boost Profits Admin

The cornerstone for any organization to saving money can be summed up in two words: MANAGEMENT COMMITMENT. My experience in…

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Posted in: Cost Management Filed under: approval, business cycles, Cost Management, management commitment, saving, savings, support

How to Gain Internal Customers’ Buy-in to Your Savings Proposals

Boost Profits Admin

In my travels throughout the U.S., I frequently ask the question of corporate executives, “What is the biggest challenge that…

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Posted in: Cost Management Filed under: change, change management, Cost Management, savings, savings proposals

In Lean Times, Saving BIG Dollars & Making REAL Sense Starts with Effective Equipment Asset Management

Boost Profits Admin

Of all the management disciplines that cost managers need to master to remain competitive in these lean times, we have…

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Posted in: Cost Management Filed under: asset management, cost, equipment asset management, service contracts, supply chain

Mastering 10 Change Management Strategies, Tactics, and Techniques

Boost Profits Admin

Most people and organizations deal with change of any kind by denying it, avoiding it, or running from it with…

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Posted in: Cost Management Filed under: change management, cost, Cost Management, reduce costs, strategies

Our #1 Enemy is Cost – So Stay on the Attack

Boost Profits Admin

“Management tends to take the smallest bite out of the cost apple,” says Jack Welch, as opposed to cost being…

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Posted in: Cost Management Filed under: activity-based labor management system, benchmarking, cost, cost-cutting, costs, cut costs, low-cost, savings, value analysis

Slash Your Capital Purchases by 25% or More Annually

Boost Profits Admin

Without a rigorous value justification process, organizations purchase millions of dollars of capital equipment (new and used) annually to replace…

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Posted in: Cost Management Filed under: capital, capital equipment, capital expenditure, capital purchases, savings, value analysis

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Recent Posts

  • 5 Biggest Challenges in Cost Management Today
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