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Driving Down Cost: How to Manage and Cut Costs- Intelligently: How to Manage and Cut Costs- Intelligently by Andrew Wileman

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3 Techniques and Tactics

Before we take a look at how cost leadership can be applied in particular areas and functions, here are some overall techniques and tactics for getting the best results. I’ve used all of them over the years, on dozens of consulting projects and as a CFO.

Understanding Cost Dynamics

I would not say that the future is necessarily less predictable than the past. I think the past was not predictable when it started.

—Donald Rumsfeld

First, you need to understand cost drivers and cost dynamics. What creates cost? How do costs move? In particular:

images Which costs move mainly with revenue and how?

Which costs move mainly with headcount ...

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