Product Sheet: Cost CuttingSource: CFI Group
Cost-cutting is a smart way for businesses to stay solvent in a rocky economy. But cutting the wrong costs could affect customer loyalty, undoing initial profitability gains. CFI Group can help you identify the most profitable cost-cutting strategies to keep your customer relationships strong and your bottom line on track.
In the eyes of your customer, not every cost-cutting measure is equal. Some touch points deeply impact customer satisfaction and if cut, might result in a drop in loyalty and revenue. Others might not be missed at all. The key is knowing which touch points matter most—and least—to your customers, determining the most profitable cost-cutting strategies without sacrificing customer relationships.
Using a proprietary, state-of-the-art measurement system, CFI Group can help you:
- Identify the service cuts that will damage your customer relationships the least
- Accurately predict how proposed cuts will affect your bottom line
- Assess whether your cost cutting measures will have long-term brand impact