COST REDUCTION

STRATEGIC • COST CUTTING is a key strategy to turnaround

OPTIONS • Comes under Crisis Stabilization, wherein our top

priority is to improve our immediate Cash Flows

IDENTIFIED following the MEXIT

• We have already outsourced much of the

BY THE Accounting department functions which has helped

save costs.

SUB- • Alternative Source for all material imported from

CETA can be found maybe from a major domestic

COMMITTE supplier. Our aim will be to find supplies of same

quality for same or better price, in order to reduce
the adverse impact of potential increase in material
E costs due to weakening of M$ against C$.
 MARKET EXPANSION
STRATEGIC • Telford Engineering can take MEXIT as an
OPTIONS opportunity to expand its foreign markets beyond
CETA.

IDENTIFIED •
Although exports volume to CETA will fall, the

BY THE potential weakening of M$ can be used as an

opportunity to deal with other countries as they will
find our products more affordable now.
SUB- • This will help us fill the Revenue Loss created by

COMMITTE reduced exports to CETA.