Expense of cost reduction

Not as long as you include the operating, leadership, communication and other elements of a good program. A cost reduction/profit improvement program can be implemented internally by your own people, with a little planning and training.

One expense you might incur is if you employ a profit improvement consultant. This type of professional can greatly accelerate the implementation and maximize the payoff. But you must evaluate that expense against the potential savings and improvements.

Search again for “elements of a cost reduction or profit improvement program.”