As a result of the 2008/2009 economic downturn, sales revenue declined by more than 20% at Yokogawa Electric Asia (YEA), a manufacturer of control systems and instrumentation, and Winner 2011 Singapore Business Excellence Award. YEA implemented a range of initiatives to cut costs across functional areas. Initiatives included: 1) Informing all employees on the impact of the recession to create awareness on the need to rein-in, control and reduce total company's overheads. 2) Improving processing ...
BPIR Categories11.1.4 Manage cash flow
11.1.5 Manage financial risk
5.5.3 Improve process/product performance