cost control

What are Common Challenges in Cost Control?

1. Unpredictable Costs: Unexpected expenses can disrupt budgets and plans.
2. Resistance to Change: Employees and managers may resist cost-saving measures, especially if they involve changes to established processes.
3. Lack of Data: Without accurate and timely data, it can be difficult to monitor and control costs effectively.
4. Overemphasis on Cost Cutting: Focusing too much on cost reduction can negatively impact quality and customer satisfaction.

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