Versatile Cost Cutting is going to prove effective and this will be itching the minds various companies now-What is an Effective Cost Cutting measure?????
Posted by seshdotcom on December 28, 2008
Each company have their own way of reducing costs and most of the US companies are said to handle this cost cutting measures very effectively.If the times are difficult.Some of the Indian Banks have also started implementing the cost cutting measures like the Kotak Mahindra Bank,State Bank of India and many other famous firms.And the Kotak Mahindra Bank has named this Cost Cutting Campaign as “Kill Bill”.Some of the cost cutting techniques they have adopted is Work at a Particular temperature don’t go very low because that may take a toll on Air Conditioners and it helps in reducing elextricity bills and don’t spill coffee when you take from the Vending machine,Keep the Monitors Switched Off when not in use,Many of the measures are also taken by other banks like SBI and HDFC they have an idea on cutting down the costs related to courier and Posts.
It was also explained why??—>HDFC banks get 20,000 to 25,000 new accounts for every 25 days,The cost of sending a Welcome Kit through Courier costs around 40 rupees.This amount was calculated and it comes around 6 lac and if it is going to be sent by email it will save this 6 lacs.So if clients agree to receive the contract over the email,there is obviously a remarkable savings done.So all the companies have become aware of the Eco”nemesis” and they are taking measures to not get drowed in this Gutter.Hope that it will get over soon and Economy returns to normal life soon.