Cost Red. Eval.

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Cost Red. Eval.

Cost reduction and profit improvement for businesses

Does your organization have a program to maximize profits by reducing costs and, if so, how good is it? Is your organization a candidate for a Cost Reduction Program? Take these quick evaluations to find out.

Do you have an existing program?  Yes.       No.

Evaluate Your Existing Cost Reduction Program (CRP)

QUESTIONS: Is your CRP: yes no

  1. Fully and obviously supported by top management?
  2. Formalized in writing?
  3. Tracked & reported monthly or quarterly?
  4. Updated and refreshed with users regularly?
  5. Part of your strategic plan?
  6. Pervasive through the organization?
  7. Integral to your annual operating plans & budgets?
  8. Part of individual performance plans & reviews?
  9. Involving everyone from top to bottom?
  10. Continuously producing needed savings?

Add up the number of "yes" answers. ___

Click here for evaluation of the scoring.

Is Your Organization a Candidate for a Cost Reduction Program?

QUESTIONS: yes no

  1. Do you have significant competition? 
  2. Are operating and/or production costs increasing?
  3. Is there downward price pressure?
  4. Is the product/market mature or maturing?
  5. Are investors/owners dissatisfied with the profits?
  6. Is your market share small or diminishing?
  7. Do you need or want a bigger market share?
  8. Is your sales force meeting resistance?
  9. Are new competitors entering the market?
  10. Have you had a cutback or lay-off in the last 3 years?

Add up the number of "yes" answers.   ___

Click here  for an evaluation of the scoring.

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(c) 1998 - 2008 Steven C. Martin, Business Solutions.  All rights reserved.

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