Cost Reduction and Control Best Practices

Cost Reduction and Control Best Practices provides financial manages with no-nonsense, balanced, and practical strategies that are being targeted and used nationwide for controlling costs by thousands of companies in areas such as human resources, compensation, benefits, purchasing, outsourcing, use of consultants, taxes, and exports. These best practices are based on the trenches experience, research, proprietary databases, and consultants from the Institute of Management and Administration (IOMA) and other leading experts in their fields. * Provides best practices and techniques for controlling costs within a company * New chapters focus on outsourcing costs, downsizing, consultants' costs, and business tax costs * Provides the latest strategies companies re using to control costs

Preface vii Acknowledgments ix 1 Corporate Cost-Control Strategies 1 2 Human Resource Department Costs 59 3 Benefits Costs 100 4 Compensation Costs 150 5 401(k) Plan Costs 183 6 Training and Development Costs 213 7 Accounting Department Costs 247 8 Accounts Payable Costs 264 9 Credit and Collections Costs 283 10 Purchasing Costs 306 11 Inventory Costs 349 12 Export Costs 383 13 Outsourcing 422 14 Downsizing 456 15 Consultants’ Costs 491 16 Business Tax Costs 512 Index 529