It is typically not enough to slash costs through short-term measures such as squeezing suppliers, shuttering facilities and reducing head count. What is required is a move away from endless rounds of cost reductions and toward true cost excellence. This effort centers on reducing costs in an intelligent and sustainable way in order to protect against another upward creep in costs in the future.

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Keywords: controlling costs, cost management, enterprise organization, cost variability, supply chain, supply chain management