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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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The Cost Manager’s Toolkit

Laptop-size Summary

LEADERSHIP

A challenging base case

Make the base case (for annual budgets and cost reviews) always a challenging one

 

Constantly push the organization to be more cost efficient – this year not next year

 

Make sure your direct reports expect that attitude, so they no longer come in with anything less aggressive

Individual accountability

Be absolutely clear which individual manager is 100% responsible for hitting each cost target

 

Eliminate joint or fuzzy accountabilities

Persistence

Make sure the organization knows that you will always persist in the drive for cost efficiencies

 

Don’t forget commitments or let targets drift – don’t be deflected with half measures

Continuous improvement

Establish ...

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