Cost Reduction

Use it up, wear it out. Make it do, or do without. While the consumer hardships that inspired this Yankee saying have gone the way of flintlock firearms, the harsh conditions facing corporate America are far from history. ♦ In order to help planners cut costs, we searched everywhere to uncover the many overlooked ways that companies still waste money. We found corporations concerned with everything from floor space to fax machines, coffee to corporate locations, and time‐on‐hold to holding time. ♦ Many of the cost‐saving ideas we discovered are simply common sense. Others are more “New Age” in spirit. Some are downright Scroogely. ♦ To get yourself into a thrifty mindset, take a look at the gamut of cost cutting ideas and strategies on the following pages.