Company main objective would be to maximize profits for its shareholders/owners, and the most effective way of doing this is to reduce your company’s overheads. Cost/Overheads is one of the main drivers impacting business growth and profitability.
Management needs to know and manage such business overheads to drive efficiency. Cost must be determined and be measured against a set of agreed and desired KPIs, which in turn, meet the business budgets, goals and objectives.
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