Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of cost savings

Definition of

cost savings

Operations & Production

benefits from reducing costs the benefits to an organization derived from reducing expenditures

Recommended Further Reading (Term count)
  • Understanding and Calculating the Total Cost of Risk
    This checklist explains the term and explores ways in which businesses can assess whether their risk management processes are delivering all the value they should be
  • Captive Insurance Companies: How to Reduce Your Costs
    This checklist assesses the impact of captive insurance companies and how they can help businesses to reduce costs and improve profit margins.
  • Considerations when Outsourcing Internal Audit
    by Peter Tickner
    Outsourcing the internal audit function is a major step and one that should not be taken for the wrong reasons. Wrong reasons include a personality clash between the chief internal auditor and the person taking the decision to outsource, and a decision based on the perceived ineffectiveness of an under-resourced inhouse audit team that would struggle to perform well even if the most outstanding employees in the organization were assigned to...
  • Creating Value with EVA
    by S. David Young
    The value-based management movement is based on two assumptions. The first is that the main aim of any business in a market economy is to maximize shareholder value. The second is that markets are too competitive for companies to create such value by accident. They must plan for it. And that means having the right culture, systems, and processes in place so managers make decisions in ways that deliver better returns to shareholders.At the very...

Definitions of ’cost savings’ and meaning of ’cost savings’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’cost savings’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top

Related Blog Posts

More related Blog results