Cost effective control of hardware

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First of all, as the hardware business managers, in addition to the cost of control should be the responsibility and awareness, but also need not have much desires. Hands have certain property rights management, property rights and decision-making, if thinking is not correct, desires expansion, will become the company's Shuoshu. In that case, cost control has become the workplace of the "performances." Therefore, managers of quality requirements is very important.
Second, we must understand the basic financial knowledge. Managers do not have as accounting, but must be able to "see three kinds of table" and "operating five financial analysis." Three kinds of tables are "Balance Sheet", "cash flow", "profit"; five financial analysis is to "profits", "capital structure", "liquidity", "asset utility rate", "Shareholders return on equity. "
In addition, the implementation of cost control, we must implement full control of the whole process, from making an issue of incentive and restriction mechanism, and make cost control a corporate culture an integral part of the building. McKinsey has evaluated the Chinese companies, the cost advantage is cost management giant dwarf. Cost control is an art of how to spend money, not saving the art. How every penny spent appropriately, will use every resource of enterprises that need it most places, also achieved the purpose of saving cost, and this is the Chinese enterprises in the new business environment should be committed to pursuit of harmony.
Traditional cost reduction achieved through compulsory savings, which sought the job site is not a waste of resources and improving working methods in order to save costs, one-sided from the lower costs and even seeks to avoid the occurrence of certain costs to start, emphasizing conservation and savings. Main methods to save energy, prevent accidents, the source procurement is a tactical hardware business improvement, lower costs are a primary form.
International Hardware Company believes that in order to control cost savings landed gentry-style hardware business management, in addition to exploit their employees and greatly reduced in the raw materials outside, nothing is superior to others. This represents the dreamer, so we need to learn advanced cost control strategies and methods. The conduct of business activities carried out by people, and cost control does not depend on a few leading companies, several key people will be able to do a good job, and requires that all costs associated with staff participation, the implementation of the activities in the cost of occurred at all stages of the dominant.
Cost control can not be built on top of all conscious of the good will should be set up cost control system, the establishment of related incentive and restraint mechanisms. Using the system, incentive and constraint, etc. to mobilize staff initiative to control costs, will save costs and control the personal interests linked to the use of rewards and punishments passive approach to corporate cost control initiatives into full cost control. Meanwhile, keep a lot of advocacy, promotion, training, supervision, punishment and other means for cost control, saving concept to every department, every employee consciousness, and to cost control as an integral enterprise culture part.

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