Cost Reduction Strategies Infographic

Cost Reduction Strategies Infographic

Based on a previous article (4 Cost Reduction Strategies That Will Grow Your Profits Exponentially), we’ve created this cost reduction strategies infographic for your viewing pleasure.

Please feel free to share it on your website with the embed code following the infographic, print and share it with your colleagues, or just use it for your own reference.

Infographic Summary:

Following is the text of the Cost Reduction Strategies Infographic. If you have trouble reading the image, you can also click to open the infographic in a new window and expand it to full size.


Allow employees to work from home.
Many businesses hire remote employees because it helps reduce the cost of additional office space, new office equipment, and utilities. Recent studies show that it also results in happier, more productive workers.


Develop a mutually beneficial relationship.
Negotiate the cost of your raw materials by convincing your suppliers that your business is a long-term benefit for them. Improved payment terms can also help improve your cash flow and profitability.


Don’t travel if you can use technology instead.
Consider having virtual meetings via Skype, Web-Ex, and other digital resources. This can help save both your time and money and is an effective way to reduce your costs.


Technology is the most effective strategy.
You will incur a high cost in the beginning, but the use of modern technological solutions can increase the efficiency of your operations. In the long run, this will lower your operating costs and increase your productivity.

Cost Reduction Strategies Infographic
Cost Reduction Strategies Infographic – Click to open in a new window
Share this Image On Your Site

Kevin A. Nye

I am a dynamic and seasoned operations executive with over 20 years of rich experience in leading diverse teams and driving organizational growth across multiple sectors. Possessing a strong track record in strategic planning and execution, I excel in transforming challenges into opportunities. Having served in roles in Supply Chain, Operations, and Regional management, I was previously the Chief Operating Officer of a regional steel company, Director of Operations for a third-generation family-owned citrus packing company, and served on the Boards of Directors of Sunkist Growers and Fruit Growers Supply.

Recent Posts