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My name is Ari, and Iamp;#39;m an economist andmanagement consultant. I help organisations develop and implement performance improvement solutions that help them achieve their objectives. The pandemic and the natural disasters and rate of resulting economic circumstances have brought up challenges to organisations acrossseveral sectors, even with government support, itamp;#39;s hard to manage costs with these challenges, which brings in the need to achieve cost savings. In this video, Iamp;#39;ll give you 5 simple steps on how to make this happen in an effective way andturn around your organisationamp;#39;s results in no time. Step 1: Know your costs, how much do you spend? Wheredo you spend it? When do you spend? Itamp;#39;s critical to have a robust database that itemises all theorganisationamp;#39;s costs. It is also useful to categorise them, for example travel costs, personnel costs, marketing costs. In some cases it will be useful to look at cost savings for
