The battle for better margins: A new approach to overhead control

The challenge of reducing overheads and achieving firmer control of indirect costs is particularly relevant at a time when many leading retailers are concerned about margins and how to improve them. In this article Austin Bendall introduces the concept of Priority Base Budgeting, a radical new approach, he claims, which has already led to highly significant savings in overheads in retailing and other sectors of industry, as well as producing additional benefits.