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Utility and energy cost containment
Author(s) -
Newhouse Roland
Publication year - 1996
Publication title -
process safety progress
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.378
H-Index - 40
eISSN - 1547-5913
pISSN - 1066-8527
DOI - 10.1002/prs.680150103
Subject(s) - treasure , profitability index , commodity , product (mathematics) , business , commerce , environmental economics , industrial organization , operations management , risk analysis (engineering) , natural resource economics , economics , finance , philosophy , geometry , theology , mathematics
One of the most lucrative areas for improving bottom line profitability is related to an organization's costs for utilities and energy. Such thing as gas, electric, water, and telephones are treasure chests of cost reduction opportunities. In the past, these items have been viewed as a fixed expense or basic mundane commodity. In recent years, these items have become a large portion of product cost now must be examined on a contiual basis. A formal income improvement program to capture and report on the savings is a requirement for remaining competitive in a global economy.