I have previously talked about Cost management – from the CFO’s problem to everybody’s responsibility, and introduced a checklist of five steps you need to take your organisation through to continuously improve its cost-competitiveness. Let’s look into how to get a cost management change initiative going in your business.
But first, what do I mean when I refer to cost-competitiveness? It’s about defining how organisations can achieve sustainable profit optimisation including cost, quality, customer relevance and price.
Global competition is