Cost Efficiency: Definition and Strategies for CFOs
Cost optimization steps CFOs must take to build resilience and get ready for a predicted recession
CFOs: Build a recession-ready business
Steps CFOs must take to optimize costs, build resilience, and prepare for a recession
In an uncertain business world, CFOs need to be the leaders of overall enterprise performance management and cost management efforts. How can you become a change leader who balances short-term opportunities with long-term growth and sustainability?
Focus on three paths to cost efficiency to deliver short-term quick wins, ongoing improvements, and longer-term competitive advantages:
- Optimize procurement, technology, and indirect costs.
- Manage or reduce headcount.
- Support cost management initiatives with accurate, timely data to improve decision making, workforce productivity, and value tracking.
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Cost Efficiency: Definition and Strategies for CFOs
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