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Ways to Reduce Corporate Overhead Costs
1.
2. An accomplished strategic consulting professional,
Gary D. Herwitz serves as the founder and managing
partner of CoMetrics Partners, LLC. Gary Herwitz and
his colleagues at the firm offer a variety of services to
middle market companies, including profit
maximization solutions focused on overhead
reduction.
To reduce overhead, companies can improve
operational efficiency in areas like shipping and IT.
One way to reduce freight expenses is to seek out
discount transport pricing through an association or
group. For example, a local law firm could become
involved in a national title insurance company’s
discount program.
3. Companies can also make use of money-back
guarantees through FedEx and UPS in the
event of a missed or late delivery. In order to
recover these monies, companies should
review invoices to monitor and claim
overcharges.
IT overhead reductions can involve simple
organizational measures such as revising or
updating contracts for added value,
cancelling duplicate services, and eliminating
unused equipment. To further decrease
operational costs, companies can also transfer
certain systems and services to cloud providers.