Read e-book online Cost reduction and control best practices: the best ways for PDF

By Institute of Management and Administration (IOMA)

ISBN-10: 0471739189

ISBN-13: 9780471739180

Fee aid and keep watch over most sensible Practices offers monetary manages with no-nonsense, balanced, and useful recommendations which are being specific and used national for controlling expenses via hundreds of thousands of businesses in parts similar to human assets, repayment, advantages, procuring, outsourcing, use of specialists, taxes, and exports. those most sensible practices are in response to the trenches event, examine, proprietary databases, and experts from the Institute of administration and management (IOMA) and different best specialists of their fields.* offers most sensible practices and methods for controlling bills inside an organization* New chapters specialize in outsourcing expenditures, downsizing, experts' expenses, and company tax bills* offers the most recent options businesses re utilizing to manage expenditures

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Computing the Value and Cost of a Flexible Capital Structure 21 The trouble with this notion is that at optimal levels of debt and equity, a company may not have the financial flexibility it needs. That is, it may not have quick access to financial reserves (such as cash or debt capacity) to respond to market or economic forces. For instance, if a new market opportunity arises, a company needs cash reserves to be able to move into the market before its competitors. Similarly, a company may not be able to fund efforts to prevent it from being a takeover target.

Stage 3: Improving the Process 7. Are we using fixed assets fully? Slow-moving bureaucratic procedures or mediocre tracking of fixed assets will inflate the capital budget. How? Say a company is slow to compile information about computers that it is disconnecting and relocating. Because these appear slowly on the excess capacity list, managers will buy new computers to meet their needs, even though the company’s current computer assets make the purchases unnecessary. Recommendation: In this situation, controllers may have to visit their company’s paper trails—not just its extra capacity lists—to see if fixed assets are tracked and recycled, avoiding needless capital spending.

Business cycle, commodity prices, foreign exchange, and interest rates) should be assessed using sensitivity/scenario (what-if) analysis. As for implementation risk, companies need to examine whether they are well equipped to deliver the projects. Consider all stakeholders. The capital planning process should address the wants and needs of multiple stakeholders, not just those of shareholders. Use nonfinancial measures. Factors such as customer satisfaction, employee attrition, and market share should be used along with traditional financial factors to support proposals.

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Cost reduction and control best practices: the best ways for a financial manager to save money by Institute of Management and Administration (IOMA)


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