Effective cost reduction in this area requires an integrated approach.
Improvement of logistics planning, professional supply chain management. Minimization of downtime and unfilled transport routes.
Increased control at all stages of the logistics process. Use of monitoring systems to track the movement of transport and routes, in order to promptly respond to deviations from the established schedule.
Detailed accounting of transportation costs will help to avoid misuse of vehicles and waste of fuel.
To save money, you also need to determine when to use transport rental and when to get by with your own resources.
Advertising and Marketing
Consider reducing your slovenia email list advertising budget to see where you can reduce costs. During a crisis, it is common to change the costs of direct advertising, such as television and radio, as well as personal mailings. Long-term marketing tools are best left unchanged due to the cumulative effect.
If you have a partnership with an advertising agency, try to negotiate a price reduction or find more favorable conditions. Pay attention to barter payment options.
Advertising and Marketing
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It is necessary to take into account! Reducing advertising costs without prior verification of the effectiveness of platforms can lead to a decrease in the number of consumers and, as a result, unprofitability.
What should be avoided when optimizing costs?
There are many opportunities in labor legislation to reduce personnel costs, which can lead to short-term economic benefits for the organization. At the same time, saving on employees by reducing salaries, cutting costs on training and social programs, and organizing corporate events can cause serious problems.
As a result of such actions, employee loyalty may decrease, which will ultimately lead to a deterioration in the quality of work and an increase in staff turnover. This will especially affect qualified specialists who are always in demand on the labor market and always have a choice.
Cutting back on promotional spending without carefully examining your communications can result in a significant drop in potential customer traffic and ultimately lead to additional budget cuts, which can lead to financial difficulties for your company.
Optimization of logistics costs
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