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Cost Efficiency: Definition and Strategies for CFOs

Cost optimization steps CFOs must take to build resilience and get ready for a predicted recession

CFOs: Build a recession-ready business

Steps CFOs must take to optimize costs, build resilience, and prepare for a recession

In an uncertain business world, CFOs need to be the leaders of overall enterprise performance management and cost management efforts. How can you become a change leader who balances short-term opportunities with long-term growth and sustainability?

Focus on three paths to cost efficiency to deliver short-term quick wins, ongoing improvements, and longer-term competitive advantages:

  1. Optimize procurement, technology, and indirect costs.
  2. Manage or reduce headcount.
  3. Support cost management initiatives with accurate, timely data to improve decision making, workforce productivity, and value tracking. 

Dive into our thinking:

Cost Efficiency: Definition and Strategies for CFOs

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