Research shows that many enterprises fail to achieve the desired results from their cost management programs. They often make across-the-board cost cuts that are disconnected from the business strategy, unsustainable, and even a hindrance to enterprise growth.
In contrast, CFOs at the world’s most profitable and high-growth companies look at cost management as a means to support their business strategy and as an investment to fuel growth. They separate the good costs from the bad.
In an insightful new paper, Good Cost, Bad Cost: Sustainable SG&A Cost Reduction as an Engine for Growth, GEP shares a cost management framework to help identify costs that truly create value and competitive advantage for the business and the ones that don’t. The paper also discusses common barriers to effective cost management and strategies to overcome them.
It’s a must-read for CFOs and finance professionals seeking to build, and benefit from, an effective, sustainable cost management program.