cost saving
Definition
The amount of money saved as a result of changes to plans or policies that reduce the expense associated with a business activity. Cost saving may also refer to the changes that generated the savings recorded. Identifying cost saving opportunities can help a business to increase profits, by reducing outflows.
Use cost saving in a sentence
“ Our cost saving strategy was going very well and we were all very happy with how much money we would be saving. ”
“ You should try and figure out any way to get as much cost saving as you can so that you know you are working efficiently. ”
“ The cost saving activities of the employee was effective as he demonstrated his cash management strategies that proved effective for us. ”
