Cost reduction and efficiency improvement are ongoing priorities for businesses, particularly in China’s current environment of moderate growth, intense competition, stringent compliance requirements, and supply chain challenges. Effective strategies for cutting costs and enhancing efficiency are vital for survival, maintaining a competitive edge, and boosting profit margins.

However, cost reduction does not always equate to immediate financial relief. Businesses often aim to maximize value while minimizing costs by identifying areas where expenses can be trimmed without compromising quality or growth, a process better described as „cost optimization.“

In our upcoming webinar, corporate accounting and legal experts Jenny Liao, Partner of Corporate Accounting Services, and Chenchen Liu, Manager of Business Advisory Services, will explore effective cost reduction strategies in China’s business practices. Topics will include analyzing fixed and variable costs, optimizing expenditures through the value chain, enhancing cost efficiency through digitalization, resource optimization via internal restructuring and leveraging dormant companies for cost optimization.

Key Topics:

1. Analyzing Cost Structures: A comparison of fixed costs and variable costs
2. Optimizing Costs through the Value Chain: Strategies for leveraging your company’s value chain
3. Enhancing Cost Efficiency through Technology: The role of informatization and digitalization
4. Resource Optimization through Business Restructuring: Improving operational efficiency via internal restructuring, including legal considerations and the regulatory framework
5. Cost Optimization with Dormant Companies: Strategies for utilizing dormant company policies and key considerations