Cost Reduction and Control Best Practices: The Best Ways for a Financial Manager to Save Money (Wiley Best Practices) [Hardcover]

Institute of Management and Administration (IOMA) (Author)

Book Description

ISBN-10: 0471034258 | ISBN-13: 978-0471034254 | Publication Date: February 13, 2002 | Edition: 1

The official IOMA source for tips, techniques, strategies, and best practices in corporate cost-cutting

This book is an authoritative and comprehensive collection of the best strategies and techniques being used to control costs across virtually every business function. Each chapter focuses on a different department or function and is built around original research, the latest strategies currently being used, and dozens of practical tips and tactics from managers around the country. Case studies and real examples illustrate this expert guide from the only truly definitive source-the Institute of Management and Administration.

The book offers specific techniques and proven best practices on cutting costs in the following areas:

• Human resources
• Benefits
• Compensation
• 401(k) plans
• HRIS
• Training and development
• Accounting
• Accounts payable
• Credit and collections
• Accounting systems
• Logistics
• Purchasing
• Inventory
• Mail center
• Export

Ideal for managers facing a crunch, financial officers trimming budgets, and small business owners who need fresh ideas for cutting costs, Cost Reduction and Control Best Practices is the ultimate resource for controlling costs simply and effectively.

Editorial Reviews

From the Inside Flap

As part of the current economic downturn, corporate belts are tightening from coast to coast. Everywhere, controllers, managers, and financial executives are looking for new ways to cut costs-sometimes by just trimming the fat and sometimes by chopping off whole limbs.

Most controllers or financial managers act as the chief cost control force within their companies. Until now, they have operated without a comprehensive source of informed guidance. IOMA's Cost Reduction and Control Best Practices provides a quick review of the most successful cost control strategies across the entire spectrum of business functions. This detailed resource describes what works best in specific situations and in specific areas of the company.

As opposed to sudden massive cuts, cost reduction should be an ongoing process woven into a company's corporate fabric. Simple, sometimes small, but precise cuts can help a company avoid sudden and drastic changes in corporate philosophy and direction. This book offers help in cutting costs while also maintaining a rich corporate culture. Within this book, the Institute of Management and Administration (IOMA) has presented the best practices, techniques, and ideas to help controllers, executives, and managers control cost with as little stress and anxiety as possible.

Cost Reduction and Control Best Practices outlines the latest techniques companies are using to control costs and includes practical tips and tactics from real managers. It uses case studies to illustrate the strategies that work across different areas and functions within the organization-from accounting and accounts payable to the mailroom and purchasing.

This authoritative and comprehensive guide to the latest thinking in cost control is ideal for controllers who need a quick review of cost-cutting strategies and managers who need new ideas for balancing the budget. Financial managers and directors of small companies will find effective and simple strategies that they can immediately implement within their organizations. Practical, straightforward, and up to date, it's the cutting edge in cutting costs.

From the Back Cover

The official IOMA source for tips, techniques, strategies, and best practices in corporate cost-cutting

This book is an authoritative and comprehensive collection of the best strategies and techniques being used to control costs across virtually every business function. Each chapter focuses on a different department or function and is built around original research, the latest strategies currently being used, and dozens of practical tips and tactics from managers around the country. Case studies and real examples illustrate this expert guide from the only truly definitive source-the Institute of Management and Administration.

The book offers specific techniques and proven best practices on cutting costs in the following areas:
* Human resources
* Benefits
* Compensation
* 401(k) plans
* HRIS
* Training and development
* Accounting
* Accounts payable
* Credit and collections
* Accounting systems
* Logistics
* Purchasing
* Inventory
* Mail center
* Export

Ideal for managers facing a crunch, financial officers trimming budgets, and small business owners who need fresh ideas for cutting costs, Cost Reduction and Control Best Practices is the ultimate resource for controlling costs simply and effectively.

See all Editorial Reviews

Product Details

• Hardcover: 432 pages
• Publisher: Wiley; 1 edition (February 13, 2002)
• Language: English
• ISBN-10: 0471034258
• ISBN-13: 978-0471034254
• Product Dimensions: 9.3 x 6.4 x 1.3 inches
• Shipping Weight: 1.8 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #2,264,888 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

3 of 5 people found the following review helpful:

5.0 out of 5 stars Manager, March 4, 2002

By A Customer

This review is from: Cost Reduction and Control Best Practices: The Best Ways for a Financial Manager to Save Money (Wiley Best Practices) (Hardcover)

I found this book innovative and helpful. It provides informative examples best practices, case studies and the latest strategies & techniques that companies can use to control costs and maximize profitability. In a tough fiscal year, I will be reading this book over and over again to find more new ways to save money.