Read Our Cost Reduction Blog

blog 4 mins read March 27, 2024

Keep Your Teams Intact. Lose the Spend Elsewhere.

Labor has always been the largest operating expense for hoteliers and, historically, the primary focus when it comes to controlling costs. But today's hotel operators are more committed than ever before to holding on to their people and compensating them well. By taking a closer look at frequently ignored, hard-to-manage operating costs, hoteliers can save money and increase profitability without cutting into their valuable human resources.

blog 6 mins read February 26, 2024

How Vendor Billing Errors Cut into Your Bottom Line

Companies struggling to save money should take a look at your monthly bills. Whether you’re overpaying for your services, missing out on tax exemption opportunities or incurring accidental late fees, fixed cost bills can quietly drain your financial resources without you even noticing.

blog 4 mins read February 26, 2024

Is Commercial Property Tax a Fixed Cost? Why You’re Paying Too Much

Commercial property tax may be a fixed cost, but it is both negotiable and an area that offers the potential for dramatic savings for your company. Yet despite this, many organizations do not negotiate the money they are paying on their property, whether they are lessees or owners.

blog 6 mins read February 26, 2024

The Key Roles of a Third-Party Logistics Provider (3PL) in Supply Chain Management

Ecommerce and most business-to-business (B2B) companies don’t exist to ship products. That may be an important role in what they do, but it’s not the purpose. They want to get their products to customers who can use them. The supply chain is how this happens, and many businesses find that outsourcing some or all of this role can improve their growth, customer service, and the bottom line.

blog 7 mins read February 12, 2024

Build Your Cost Control Muscle in 2024

SIB board member and long-time CFO, Mike Lewis, spoke with us about key actions for CFOs in today's economy. Why cost consciousness and cost containment are the most proactive means to achieving profit targets. And why you shouldn't shy away from the "long middle" of contract compliance in your efforts to make cost control a core driver of profitable growth.

blog 4 mins read January 19, 2024

SB 253 – What Every Company Needs to Know About the New California Emissions Reporting Law

It's time to get serious about putting emissions reporting in place. Five things every company needs to know about about California's New Emissions Reporting Law, SIB 253. Learn more about the first emissions reporting disclosure many organizations will have to meet.