Strategic initiatives for cost reduction

The graph below was created using Google’s graphing tools.

This horizontal bar graph shows response percentages to a Deloitte survey on implementing strategic initiatives for cost reductions.

The Deloitte survey is “What’s Next?  Deloitte’s Second Biennial Cost Survey.  Cost Improvement Practices and Trends in the Fortune 1000”.  Click here to access the report (PDF file).

A principle conclusion reached in the survey report is that more emphasis should be placed on strategic, long-term approaches to cost management versus short-term, quickly implemented cost reductions.