Chapter 10. Eternally Improving and Leveraging the Process
The journey of Cost Management, like that of Total Quality Management, never ends. I have yet to see a company that sends a message to its supply chain saying, “We are making too much money, please stop managing cost.” Well, maybe you think that oil companies are in a position to say that. Think again. I work with three of the top five oil giants and believe me, there is an increasing pressure to manage costs. Not because they are concerned about eroding profits but because they realize that billions of dollars have been earmarked over the next five to ten years ...
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