Cost Reduction – Supply Chain

Cost Reduction – Supply Chain

By Eric Johnson

Supply chain is an area where substantial savings can be captured due to the many impacts on production and operations. However, some management teams tend to shy away from large scale projects, only employing them when something breaks or sometimes when it's too late. A key approach here is to be proactive, and start when the first issues appear, which will allow a longer time frame to enact change.
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Cost Analysis – Operations

Cost Analysis – Operations

By Eric Johnson

As we think through cost analysis opportunities, whether during times of crisis or during routine analysis, a key focal point is reducing extraneous costs to the business while maintaining the tools, processes, and skill sets that provide the value proposition to the customer.
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Reducing Organizational Footprints

Reducing Organizational Footprints


By Eric Johnson

The tidal wave of working from home experiences may ultimately push many organizations to permanently establish work from home capabilities even after the Covid crisis has ended. Some organizations will push for a majority of their employees to stay home fully, while others may require in office work periodically for everyone, possibly on a weekly or staggering scale, e.g. alphabetically by day or by specific business unit based on strategic need. Considering the above, organizations have a tremendous opportunity to extract expenses and improve both the balance sheet and P&L through the strategic planning of facilities.
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Cost Analysis and the Organization

Cost Analysis and the Organization

By Eric Johnson

Every organization engages in constant analysis of the business and the reduction in costs is no exception. Obviously during the pandemic everyone is making sure to account to the last penny where they can save and pull costs out of the business. Even during good times, responsible stewards are always on the hunt to see where they can create efficiencies and do more with less.

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Flex Work from an Accounting and Finance Perspective

Flex work financial benefits


By Eric Johnson

As the pandemic further pushes the work environment into remote and off-site arrangements, we are beginning to see conversations regarding the future of work, and what remote working would encompass over the course of a longer period of time. Many organizations already have telecommuting options to reduce employees’ exposure to long commute times, approaching this type of arrangement as a perk of employment.
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The Financial Benefits of Having a Flex Work Environment

Reduced office capacity


By Dale Lawrence

There is ample evidence that most organizations see productivity gains when their workers are able to work in a flexible environment, whether entirely based in their home-office or flex between the office and their home. This doesn’t mean everything is rosy and the recent and sudden movement home during the pandemic saw many workers having to share workspace with their families. This wasn’t ideal but necessary. However, now that most businesses are beginning their journey to work in the new normal, it is time to evaluate one aspect that can provide real savings for your business. Flex Work as a permanent work style. There is data to prove it.
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Effects of COVID-19 Pandemic – Taking Costs Out of the Business

financial-manager-analyzing-charts-and-graphs

By Eric Johnson

As the COVID-19 pandemic begins to clearly affect the economy, organizations negatively affected by the stay-at-home mandate are looking to reduce organizational costs as much as possible in order to stabilize cash outlays until an economic bottom occurs and an upswing begins. Below are some suggestions to accomplish this considering time is of the essence.
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