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The Bottom Line

 
Corporate Cost Reduction
August 2014

Getting Your Company into Shape! (And sustaining it)

imageReducing indirect expenses involves a lot more than simply shopping around for the lowest price. While there can be great savings to be found from contacting a provider and asking for a lower rate, that is a short-term solution that can simply go away upon the next round of price increases.

Perhaps an even more effective way of implementing and sustaining cost reductions is by making the reduction systematic. Think about it this way, when someone decides they want to lose weight perhaps the first idea they get is to cut down on the calories. That will certainly have an effect, however, you will consistently have to watch what you eat and make sure you know exactly how many calories you are taking in. » Read More

About Us

In today's competitive business environment, success is continually measured by bottom-line results.  Beginning in 1993, CCR has used a proven system for expense reduction that has been directly responsibile for generating significant cost savings for clients in many industries.

We generally target indirect and consumable expense categories. We sometimes look at our client's direct spend and utilize technologies such as reverse auctions.  Our strategy is to consolidate the number of suppliers, leverage the spend, negotiate better terms with our client's existing suppliers, and/or recommend a proven alternative supplier.  Our process is effective and we do all the work!

Regardless of the size of your organization, savings can almost always be generated.  Best of all, our services are contigency based.  No savings, no fee! 

To learn more about CCR, click here or contact Vic Ronder at consulting@ercinc.com

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Pay for Performance Comes of Age

imaget’s not exactly news that the trend in executive compensation for the past several years has been toward pay-for-performance models. At the same time, the depth of that trend may have been overblown.

In fact, it’s 2014 that is proving to be the year when pay for performance is settling in once and for all as an overriding theme in executive pay, according to Dave Hofrichter, executive compensation partner with Aon Hewitt.

“People have been talking about pay for performance for ages. It’s always a top-of-mind question,” says Hofrichter.» Read More

Few Companies Focus on Optimizing Collections, Payables, Inventory

imageThe new US REL Working Capital Survey for 2014, demonstrates that supply chain managers have a lot of work to do in balancing their books.

This annual research, which examines how well large US companies pay suppliers, collect from customers, and manage inventory, has significant details on the payables side. Here, researchers have seen payables performance declining over the past three years, with companies paying significantly faster. But for 2013, that trend reversed somewhat, with Days Payable Outstanding increasing by about 1 percent to 32 days.

Overall, companies showed little to no improvement in working capital this year. The opportunity for improvement is now over $1 trillion, or nearly 6 percent of the US gross domestic product. » Read More

Workday CFO's: Put Employees First

imageMark Peek is the chief financial officer of Workday Inc., a provider of enterprise cloud applications for finance and human resource departments. Previously, he was CFO of VMware Inc. and the chief accounting officer of Amazon.com Inc. AMZN +0.56% He spoke with CFO Journal Editor Noelle Knox about putting innovation above profits. » Read More
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Vic Ronder
Corporate Cost Reduction
27902 Meadow Drive, Suite 130
Evergreen, CO 80439
Consultation: (877) 255-2511 | Direct: (303) 674-2511
CCR Website  |  consulting@ercinc.com

 

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