15 Cost Reduction Strategies for Your Business
What is a cost reduction strategy? Cost reduction is a process usually used by many companies to cut down their costs and increase their bottom
12 Strategies to Reduce Healthcare Costs
In recent years, ordinary people are seen spending a substantial portion of their earnings in health care. However, it does not equate to a better
10 Cost Containment Strategies During Uncertain Times
Uncertain times such as the COVID-19 Pandemic have transformed the corporate world and have significantly impacted business operations worldwide. Companies are facing higher demands but
Biweekly vs. Semi monthly Payroll
It is vital to decide on the pay frequency or the amount of time between an employee’s paydays for a small business. The pay frequency
What is Overhead Cost?
A business typically incurs two main categories of expenses: overhead and operating expenses. Operating expenses refer to those that a business incurs resulting from its
What are Operating Expenses?
Every business spends in doing a regular business operation and the expenses incurred are called an operating expense. The operating expenses or OPEX include payroll
Inventory Cost: Definition and Calculation
What Is an Inventory Cost? Inventory cost is defined as the costs connected with the acquisition, repository, and administration of inventories. The inventory cost consists
