How to Reduce Overhead Costs?

According to The Future of Jobs Report 2020, published by the World Economic Forum, better information about business operations and continuous quality training leads to smarter decisions and lower production costs by nearly 23% and administrative costs by 22 %, respectively.

What are other ways of lowering production and overhead costs in organizations today?

1 Replies

Remote working is becoming more popular, so an organization may reduce its overhead costs by embracing a remote-work culture. It can always have a small central office for business meetings.