Mining IQ

5 ways to avoid the traps and make your cost cutting cycle a success

Some organisations are seeing the obvious benefits of cost cutting; it is hard to argue against cuts such as renegotiating contracts with contractors and suppliers that were agreed during a "hotter" market. Reducing overheads in areas that don’t add any value to the actual production chain is also a clear winning move in the current environment. Improvements that clearly demonstrate increased production out of equipment that allows for reduced contractor input or the ability to shut excessive capacity is something that will pay off in any part of the cycle. However, there are always some things to watch out for when looking for other cost cutting targets.

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5 ways to avoid the traps and make your cost cutting cycle a success.

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