What cost-cutting measures have you implemented?
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Answer / rajesh
Overtime costs, work should be carried out during normal working hours purchases of goods should be done after evaluating prices from at least three suppliers
Telephone costs should be monitored through the voice recording system.
Cashflow position should be monitored to avoid overdraft charges fuel coupons should be signed for and all pool cars mileage should be recorded to and from work.
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Answer / ashish
i will firstly try to reduce electricity bill by remove all
unneecesary lighting in office.
limited telephone connections.
limited blue colur employee.
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Unwanted cost cutting measures are very important not only
during recession period but also required for normal course
of business.
We have followed measures:
-Removed number land line phone connection provided on
sharing basis i.e. 1 each to 4 employees.
-Re-fixing mobile allowance to lower limit.
-Switching off the lights during the lunch time.
-Switching off the ACs every 2 hours once for next 2 hours.
-Cut down the unwanted travels.
If it is business call then meeting to be conducted on VC to
extent possible.
-Reducing the undesired stocks.
-Re-negotiated prices with vendor.
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