Expense Management, Part II
May 7, 2019
Expense culture in firms must shift to where employees see the company’s cost similar to their own personal expenses and exercise the same level of discretion.
Expense Management, Part I
January 30, 2019
Expense Management is more than cost reduction; it is a disciplined practice which ensures the firm is operating efficiently and paying the most competitive price for necessary goods and services.
November 27, 2018
Metrics are an objective, numeric, and unbiased depiction of performance that changes over a period of time. Metrics are NOT opinions; they reflect repeatable and reproducible data.
No Automation Without Obliteration
November 1, 2018
Over 25 years ago, in his article; Reengineering Work: Don’t Automate, Obliterate, Michael Hammer discussed the tendency of firms to automate business processes as they were, without thinking too much about whether or not the processes were effective or efficient.
Offshore Location Strategy
October 10, 2018
A low-cost offshore location strategy is a proven method to reduce expenses. However, it requires an upfront investment in staff, training, real estate and other infrastructure as well as one time severance cost.