A shifting approach to cost reduction?
Cancelling projects and squeezing suppliers were common tactics used to bring down costs in the last 12 months, but the view is becoming more optimistic.
When asked to consider a range of short-term, tactical approaches and long-term strategic approaches to cost reduction in the next year, respondents placed greater emphasis on pursuing the latter.
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So which approaches were deemed most important, and how sustainable will they be?
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