Memorandum
CONFIDENTIALITY NOTICE/disclaimer: The information contained herein is strictly confidential in nature and is the property of Holy Gardens Group and intended only for the intended recipient and its reuse,reprinting or taking action other than the intended party is strictly prohibited. Holy Gardens assume no responsibility liability arising from such unauthorized use.
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Cost reduction
Background:
Cost reduction and frugality are time tested tradition to build capital and guarantee business success. Thus on every occasion, we find ways to reduce cost and expenses.
It is the role of the controller, of the marketing people, of the treasurer, of the CEO of the SMD to reduce costs. Negotiations are constantly done to drive down prices.
Cost reduction is strategic and drives market. Low costs translate into lower price that wins the market. Customer always ask for lower price and discounts. How can we meet their request if we do not have a solid cost reduction strategy
Examples:
1 Majorem Lending reduced the interest rate for corporate loan from 18% to 12%
2. Our interment for basic was reduced from P14,000 to P10,000 only
3. We come out with SIP for lower investment cost on the part of buyers.
4. We have 0 interest promo for plots
5. We had a a 0.99 interest for MLII
6. We have our in house construction to reduce cost. Or is it?
What?
Legitimate requests for cost reduction are internally being resisted by staff and officers, sometimes in a DISCOURTEOUS AND IMPERTINENT MANNER.
Let it be known:
1. That the constant goal of BPI is to buy cheaply promo items and supplies for the SBUs. Customers are happy, the SBU, BPI is happy to have gained some income on the transaction
2. Reward is given to AP for cost reduction
3. The undersigned practices cost reduction by:
1. Commuting rather than taking the car.
2. Taking budget flights and hotels
CAN WE PRACTICE COST REDUCTION?
CAN I BE POLITELY DEALT WITH IF I MAKE SUCH REQUEST.
Right now, JV partners routinely ask for BOM if there is a sharing and they want lower cost
Jorge US
Holy Gardens Group
CONFIDENTIALITY NOTICE/disclaimer: The information contained herein is strictly confidential in nature and is the property of Holy Gardens Group and intended only for the intended recipient and its reuse,reprinting or taking action other than the intended party is strictly prohibited. Holy Gardens assume no responsibility liability arising from such unauthorized use.
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