Six Quick and Easy Ways Companies Can Save

There's not an executive alive who wouldn't cut company expenses if it could be done without sacrificing quality or service, and it didn't take a lot of effort. The problem is finding the time to figure out where and how such savings can be realized. Patricia E. Moody found a way. Author of The Big Squeeze: Ten Ways to Cut 10% of Your Company's Expenses Right Now, she set up a blog for executives to share cost savings ideas and received hundreds of responses, which she used to write her book. Here are a half dozen that require very little time and effort to implement:

1. Cut costs for computers and other hardware: consolidate IT equipment purchases with one supplier via a competitive bidding process.

2. Recycle and sell paper, plastic, metals and cardboard to eliminate disposal fees and recapture cash.

3. Hold a company yard sale on eBay: sell equipment and other items the business no longer needs or uses.

4. Go to cell phone pooling: via a Request for Quote (RFQ), negotiate the best possible total-minutes-used cost for the entire company.

5. Reduce teleconferencing costs: compare web-collaboration tools to big phone company teleconferencing charges. You're likely to save significantly.

6. Save on marketing communications: many companies use a number of firms and vendors for different products and projects with the result that their efforts are often duplicated. Consolidate printing, PR, web design, and ad services with only a couple of firms via a competitive review and bidding process.

In the long run, however, the best way to save, and at the same time keep quality high, is to adopt a program of continuous improvement and lean transformation. The Oaklea Press has a number of good books that can help you find ways to do just that. CLICK HERE TO TAKE A LOOK.