Introduction
The biggest challenges in a downturn
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Corporate finance priorities
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1. Measure Twice, Cut Spend Once
Two ways to boost profitability
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Getting your numbers together
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Cleaning your numbers
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Prioritizing spend areas
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Benchmarking your costs
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Setting off-limit topics
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2. Making Cuts
Prioritizing your vendors
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Negotiating with vendors
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Reverse auctions
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Exiting contracts
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Reducing physical overhead
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3. Asset Recovery and Divestiture
Asset recovery
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Asset identification
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Asset redeployment
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Asset divestiture
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4. Labor Cost Cutting
Labor force considerations
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Reducing overtime
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Layoffs: The last move
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Two pieces of advice
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Glossary_Corporate_Finance_Profitability_in_Downturn.zip
(100 KB)