Cost Savings Strategies

(Administration/accounting) 1. Reduce Printing Costs - Eliminate personal printers by replacing it with more efficient multi-function printer 2. Fixed Communication Plan Uses Unlimited Data Plan and Unlimited call/text Plan 3. Review/Monitor usage of phone lines and fax especially for international transactions 4. Lower utilization of Office Supplies- Reusing the blank side of a previously used sheet 5. Lower Utilities (Electricity) Practicing and implementing Energy Conservation guidelines (E.g. turning off aircon during break time) 6. Continuous monitoring and control of office supplies 7. Continuous search for low cost but high quality suppliers 8. Minimize use of paper (paperless transactions) lower storage costs, printing costs and improve overall efficiency by running a paperless office. By scanning documents you can send and share information effortlessly 9. Asking for discounts 10. Fixed Gas Allowance (Sales) minimum of 200 liter per month 11. Use of free Online Payroll from bank minimizes the use of check, printing of papers and lessens admin works

(Operations/sales) 1. Cancel bad projects/job transactions that no longer generate profit 2. Minimizing incidental charges (demurrage, storage etc) by continuous improvements on service operations. 3. Negotiate lower rates from shipping lines, truckers and agents. 4. Budgeting representations and gifts to clients based on their profit share. Avoiding spending too much to low profit clients.