“We hope that you can use some of the cost reduction strategies listed on this page.”
Cost Reduction Ideas
Statistics show that close to 90% of leases have mistakes, mostly because landlords’ administrative personnel don’t tailor the bills to each individually negotiated lease. Every tenant has a general contractual right to ensure that the bills received are correct. This right comes from any contracting party’s general right to enforce its agreement. This article, from KBA Lease, helps explain the importance of Audit Rights in Leases.
Warranty expenses usually represent an average of 2% to 5% of sales. If not managed carefully, these expenses can have a huge impact on your “bottom line.” Unfortunately the whole warranty process can be complex. Understanding warranty process within your organization is the first step to identifying areas for improvement. The attached White Paper ,from Entigo Corporation, is extremely educational and can help you in you in your Warranty cost reduction efforts.
Most employers are required to handle their statutory workers' compensation liability by purchasing an insurance policy. This article, from Advanced Insurance Management, explains the basics of workers’ compensation insurance and highlights warning signs where an employer might be paying.
Freight costs can represent between 2% and 4% of sales. Due to the current recession, many shippers are not getting the discounts they used to receive due to a reduction in volume. This article, from AFMS, identifies 5 key areas to help reduce freight costs on small parcels.