Uncertainty, slower revenue growth, and lower profit margins caused by an economic break-down places greater demands on both the Finance Departments and Purchasing Departments to control costs. In order for the CFO to contribute to corporate competitiveness, broader business limitations must be addressed while establishing the cost containment activities.
This report provides insights into the necessity of cost containment auditing and incites the CFO to minimize the savings gap - the difference between the anticipated savings from an Expense Reduction project and the actual implemented savings. It is written from their viewpoint of the CFO and offers ways to maximize ROI while increasing the likelihood of cashing in on the savings that have reached the bottom line.
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