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PIP Speak - the newsletter of Partners in Performance.

Cost Wiring

Abstract

PIP is known for rapid, sustainable results. Our proven wiring processes can deliver a lifestyle change for your business so that your business understands, reviews and systematically squeezes costs as part of its everyday routine. Clear accountabilities, incentives that work, user-friendly reporting, reviews, ability to analyse data (no more “chats without facts”!), improvement processes, and induction training in cost management for new managers all contribute to what we call Continuous Cost Management (CCM).

For a site to continuously manage costs, and improve their position on the cost curve, there are some key elements that must be in place:

  1. Where is the money?
  2. Who Owns It?
  3. What’s Really Happening?
  4. How to reduce it?
  5. How to drive the process fast?

This article also looks at four approaches to cost reduction:

  1. Non-Essential Usage
  2. “Essential” Usage
  3. Price & Terms
  4. Wiring


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If you would like an electronic or paper copy of any of our newsletters please contact Catherine Bristow at catherine.bristow@pipint.com


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