Cost control and reduction refers to the efforts business managers make to monitor, evaluate, and trim expenditures. These efforts might be part of a formal, company-wide program or might be informal ...

The four functions of management are planning, leading, organizing and controlling. Companies use various control mechanisms -- business plan, needs assessment, budgets, audits, pricing, ...

Equipment management is a complex and difficult task that affects almost every aspect of a company’s operations. The skills required vary from the master mechanic to the finance specialist and ...