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Cost Reduction and Control Best Practices: The Best Ways for a Financial Manager to Save Money (Wiley Best Practices) (9780471739180): Institute of Management and Administration (IOMA): Books. If the past few years have taught financial managers anything, it's that there will always be changes and challenges in the economic environment. Boom or bust, bull or bear, upswing or downturn, more and more companies are realizing that an ongoing commitment to cost reduction and control is the best way to weather the inevitable turmoil in today's global economic climate. Being proactive and implementing practical cost control measures now can lessen the likelihood of having to take drastic actions later—actions that can imperil a corporation's direction and future. First published in 2002, Cost Reduction and Control Best Practices quickly became a trusted resource for financial managers in companies large and small. Expanded and extensively updated, this edition includes the latest strategies companies are using to control costs, plus new chapters focusing on outsourcing costs, downsizing, consultants' costs, and business tax costs. It gives controllers, managers, and financial managers informed guidance on the most successful cost control strategies across the entire spectrum of business functions. Within this book, the Institute of Management and Administration (IOMA) presents the best practices, techniques, and proven ideas to help control cost. It helps financial managers make decisions using a scientific method rather than relying on intuition or the latest management fad. Detailed case studies show how other companies have successfully cut or controlled costs in various areas of administration and operations.

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