Company-Wide guidelines
Company-Wide guidelines Operating Costs. CFOs must illustrate to their entire company or organization the specific impact that cost containment activities will have on key financial metrics as the...
View ArticleWhat Do You Mean By Savings?
Operating Costs Savings The term ― savings is often interpreted differently across an organization by the various disciplines involved (or those that should be involved) in cost containment activities....
View ArticleFinance Department is key to reducing operating costs
Passive Involvement of Finance in Cost Containment is of limited Help. Purchasing and business managers are not solely to blame for the difference between real and fictitious savings in operating...
View ArticleOperating Costs Savings Appear and then Disappear.
Watching the Operating Costs Savings Appear and then Disappear. Only about one in five companies have standard company-wide guidelines in place to calculate operating costs savings. Even fewer...
View ArticleSizing the Operating Costs Gap
Sizing the Real Gaps that Exist Not only is the operating costs gap between projected and implemented savings significant, but low operating costs spend under management further hinders cost...
View ArticleAudit your cost Containment efforts
Audit your Cost Containment efforts and Audit regularly! Step 1 Establish a true baseline operating cost for each expense category. Many companies consider the baseline operating cost to be the total...
View ArticleExpense Reduction Audit reports
Create Expense Reduction Audit report templates A successful operating costs savings audit is going to measure four basic components: Exact item matches Billing errors Non-matches Substitutions. ...
View ArticleThe Bottom Line
The Bottom Line in Cost Containment. Each month a report should be generated that shows old spending, current spending and savings. For example if there were operating costs savings of say $50,000 over...
View ArticleEven the Pentagon reviews operating costs
Pentagon wants to lower operating costs According to Reuters Top Pentagon officials will examine the cost of building and operating the Lockheed Martin Corp F-35 fighter jet at a major review of the...
View Articleleasehold operating expenses
Don’t throw away money that has already been negotiated in your office lease by failing to review the breakdown of operating costs when your landlord presents a record of actual expenses each year. If...
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Aligning Strategy and Sales
Company Sales & Strategy The gap between a company’s sales and strategy are important now more than ever. While we may or may not be recovering from a lengthly recession, it has been a slippery...
View ArticleWhat Do You Mean By Savings?
Operating Costs Savings The term ― savings is often interpreted differently across an organization by the various disciplines involved (or those that should be involved) in cost containment activities....
View ArticleFinance Department is key to reducing operating costs
Passive Involvement of Finance in Cost Containment is of limited Help. Purchasing and business managers are not solely to blame for the difference between real and fictitious savings in operating...
View ArticleReduce Operating Costs Increase Business Profits
Reducing Operating Costs In order for a business to thrive it must constantly increase revenue while reducing operating costs. It is necessary to evaluate what areas in the business can benefit most...
View ArticleReduce Operating Costs with Inventory Management
Inventory Management and Operating Costs Inventory Management has a direct impact on the bottom line of a company. Inventory holds a significant portion of a company’s investment therefore, in order to...
View ArticleHello world!
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View Article8 Up
Restaurant Name: 8 Up Restaurant Blurb:This rooftop restaurant and bar sits eight floors above the hotel at the corner of Fourth and Chestnut. The elegant space has three areas Ñ an upscale casual...
View Article211 Clover Lane
Restaurant Name: 211 Clover Lane Restaurant Blurb:To locate 211 Clover Lane you have to negotiate St. Matthews side streets and cross rail road tracks and look into the corner of a little cluster of...
View Article321 Deli
Restaurant Name: 321 Deli Restaurant Blurb:The dining and drinks complex on the corner of Third and Main offers something for everyone. This is the deli component (the others are an ice cream shop and...
View Article502 Bar & Bistro
Restaurant Name: 502 Bar & Bistro Restaurant Blurb:(Slated for opening later in the summer.) Asiatique chef Peng Looi is consulting and his former protg Ming Pu will be the chef at this Norton...
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