Supervisory Question:
Explain what cost-cutting measures have you implemented?
Answer:
Unwanted cost cutting measures are very important not only during recession period but also required for normal course of business.
We have followed measures:
-Removed number land line phone connection provided on sharing basis i.e., 1 each to 4 employees.
-Re-fixing mobile allowance to lower limit.
-Switching off the lights during the lunch time.
-Switching off the ACs every 2 hours once for next 2 hours.
-Cut down the unwanted travels.
If it is business call then meeting to be conducted on VC to extent possible.
-Reducing the undesired stocks.
-Re-negotiated prices with vendor.
We have followed measures:
-Removed number land line phone connection provided on sharing basis i.e., 1 each to 4 employees.
-Re-fixing mobile allowance to lower limit.
-Switching off the lights during the lunch time.
-Switching off the ACs every 2 hours once for next 2 hours.
-Cut down the unwanted travels.
If it is business call then meeting to be conducted on VC to extent possible.
-Reducing the undesired stocks.
-Re-negotiated prices with vendor.