Proposal For Cutting Operational Expense Essay example

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INTRODUCTION Artemis Sportswear Company is a company that sells every type of sports wear from the head bands to the shoes on your feet. The company has experienced a steady yearly increase; however, the company is still looking for ways in which they can improve their profit line. Their goal is to find ways in which to accomplish this with minimal effect on the workers and productivity. BACKGROUND Artemis Sportswear Company has been in existence for six years. During this time the company has been fortunate enough to experience a profitable gain. However, in a market plagued with increased competition, tight budgets and strict regulations, that may not be the case this year if changes are not made. With the economy being in…show more content…
In order to formulate a proposal for a sportswear company, these expenses have to be considered. In other words, the company’s budget has to be clear, cost effective, and the goal specific. CUTTING OERATIONAL EXPENSES When it comes down to Management, a company’s daily expenses are more often overlooked by small businesses. They are more focused on getting the product out by its deadline and forget that the companies expenses are sky-rocketing on a daily basis. The first suggestion would be to think frugal. Being frugal allows you to use generic brand office supplies, where you would still get the same great quality as a name brand supplies, but at a cheaper price. Leasing equipment gives us the option to upgrade or download technology based on the company’s need of it at that given time. The company could also purchase furniture from a retail supply store that receives furniture from small businesses that no longer exist. The second suggestion would be to negotiate with the phone service to include phone, long distance, fax and internet into one set payment per month. The same could be done for the light and water companies. Try to negotiate a better deal so that all parties involved are satisfied with the outcome. This is a way to insure the company is not pouring out unnecessary money every month. Another way to negotiate is with the shipping company is by asking about shipping only on a
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