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welcome to the cost reduction program to achieve docHub savings in the short term and a sustainable cost advantage in the long term why do we need it why reducing costs well cost discipline is not a popular topic but a necessary one for business management and because costs naturally increase over time most companies embark on periodic cost cutting initiatives to reduce expenses optimize cash flow and improve profitability those measures become a top priority when a company is in financial distress and during economic slowdowns usually with focus on headcount reduction capital expense elimination and project deferral such reactive approach is not only demoralizing but also largely ineffective as a result most companies pursuing cost cutting fail to meet their targets find themselves in a weaker position with costs bouncing back and competitiveness severely eroded we dont want that there are best practices top performers know that each dollar earned in sales contributes only a sma
