Preparing for a Cost Management Strategy-Building Session

Before you can get out there and organize a cost management workshop, there are a number of tasks you will need to perform.

Review Business Plan and Procurement/Marketing Strategy

Before beginning to battle costs, it makes sense to spend half an hour reviewing the business plan of the company or companies represented. You need to know the reason why you are in this business, what your corporate goals are, who the target customer is—both today and in the future—what the business environment that affects your product/service in the market is, and so on. At the same time, if you are dealing with a supplier, you need to be open and honest in sharing your procurement strategy: what kind of ...

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