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Systematic cost control

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Each cost centre is usually the responsibility of one manager. Some costs can be easier to control if one manager is responsible for that cost throughout the organisation.

Involve employees in cost control. Employees can suggest cost-saving ideas, especially if there is an incentive to do so. Ask what causes them problems or wastes their time. Employees are more likely to co-operate with cost control initiatives if changes are explained to them.

Include your customers and suppliers. Ask your customers if you are providing them with anything they do not need. Your suppliers will know what other purchasing options are available that might suit your business.

External consultants can be a useful resource.