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How smarter cost management can help the FTSE 350 delight their shareholders
Business has changed. In the post-Lehman era, companies have been exposed to fluctuating conditions, while the underlying state of the global economy has steadily declined. The challenge for finance leaders is finding and employing innovative means of protecting enterprise value – not just cutting costs.
Richard Young and Guy Strafford invite you to an indepth discussion and presentation of findings from Proxima's recent research study* which outlines a huge opportunity in addressing the above challenge.
The research study reveals that businesses spend, on average, two-thirds of their revenue with non-labour, third party suppliers – 68.3% in 2011. This far outstrips their collective labour costs, which averaged just 12.9% of their revenue. Yet headcount reduction is traditionally seen as the best way to tackle cost. This raises a number of questions:
- Are businesses ensuring that their non-labour cost base is being effectively managed?
- If not, why not?
- And what are the potential benefits of making that investment?
Register for this 60 minute presentation to:
- Learn how to put cost management at the centre of your company's affairs
- Hear how you can demonstrate how profitability can be improved and sustained through cost optimisation
- Discover how to take the lead in showing shareholders the benefits of a deeper and more innovative cost management approach