Ep. 065 - Beat Inflation with Cost Savings

This podcast explores how to combat inflation by implementing Cost Savings Programs.

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This episode discusses how to combat inflation and other external headwinds to ensure our business remains profitable.

Cost of Goods Sold (COGS) is directly impacting the profit and the balance sheet of a business. Therefore, it is imperative to have robust Cost Saving and Cost Control programs in a business, to protect the profitability against inflation caused by oil price increases and commodities price increases.

The key is to develop sustainable and ongoing Cost Saving Programs that will offset any commodities price increases.

We will talk about examples of Cost Saving ideas, how to prioritize those ideas for execution, and how to establish Cost Saving Projects to bring those ideas into reality, hence immediately improving the Balance Sheet of the business.

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