Cost structures are not immediately associated with dynamic change, but the reality is that many business innovations of recent times – outsourcing, category management, process standardization, low cost market procurement and some Internet sales models to name a few – arose largely out of cost concerns. In a highly competitive, globalized business environment, the competitive advantage which can arise from reducing expenses, and thereby increasing profits, will continue to fuel innovation throughout the enterprise.
This report investigates the cost challenges of today, how businesses are addressing them and reveals that 9 out of 10 companies surveyed are potentially missing out on major opportunities to boost profits.
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