Costs: Brainstorming Ideas to Reduce the Rate You Pay for Input Costs
Here's What's New on StrategyStreet
We have upgraded the Improve/Cost Management section of StrategyStreet, where we provide brainstorming ideas to help you reduce your costs.
Specifically, we have streamlined our ideas and added many new examples in the first method of improving productivity. This first method reduces the rate of cost for the Input used to produce the Output.
In this new outline, we describe the major approaches to reducing the rate of cost:
Purchase in larger quantities
Reduce the quality of the Input
Change the components of the rate of costs
Use subsidies offered by third parties
Request the supplier to lower the price of the Input
Change the source of supply to a less expensive supplier
Expand in-house Intermediate Cost Drivers
This new brainstorming outline offers many more concepts and examples than our previous version.
We hope you find these new brainstorming ideas of help in managing your costs. Use the navigation bar to visit the Improve/Costs/Brainstorming Ideas section of the site.
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