--- title: StrategicSource Blog | Expense Reduction description: Expense Reduction | StrategicSource Blog meta description --- [![](https://content.strategicsource.com/hs-fs/hubfs/Logos/StrategicSource/LOGO---Strategic-Source---NO-TAG.png?width=350&height=104&name=LOGO---Strategic-Source---NO-TAG.png)](http://www.strategicsource.com) Open main menu Close main menu - Strategic Approach Open the submenu - [Strategic Approach](https://www.strategicsource.com/our-approach) - [Industries We Serve](https://www.strategicsource.com/vertical-markets) - [Expense Categories](https://www.strategicsource.com/expense-categories) - [Certified Supplier Program](https://www.strategicsource.com/certified-supplier-program) - Solutions Open the submenu - [Our Solutions](https://www.strategicsource.com/our-solutions) - [Profit Improvement Program](https://www.strategicsource.com/profit-improvement-program) - [ExpenseEDGE](https://www.strategicsource.com/expenseedge) - [Executive Tools](https://strategicsource.com/executive-tools/) - [Dealer Profit Alliance](https://strategicsource.com/dpa/) - [Consulting Services](https://www.strategicsource.com/consulting-services) - About Open the submenu - [About Us](https://www.strategicsource.com/about-us) - [Leadership Team](https://www.strategicsource.com/leadership-team) - [Case Studies](https://www.strategicsource.com/success-stories) - [Careers](https://www.strategicsource.com/careers) - [Testimonials](https://www.strategicsource.com/testimonials/) - [Learning & Resources](https://strategicsource.com/strategicsource-learning/) Open the submenu - [Webinars](https://www.strategicsource.com/events) - [Past Webinars](https://www.strategicsource.com/events/list/?eventDisplay=past) - [Blog](https://content.strategicsource.com/blog) - Events & News Open the submenu - [News](https://content.strategicsource.com/news) - [Contact Us](https://www.strategicsource.com/contact-us) # StrategicSource Blog #### The go-to blog for spend management best practices, that provides articles and videos on achieving cost savings and managing suppliers, as well as insights into how to be the most effective purchasing department for your business.  Select Category Cost Reduction Dealership Expense Management Expense Reduction Planning Spend Management Supplier The StrategicSource Blog Whitepapers This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. Posts about: ## Expense Reduction ![a close up of hands shaking](https://content.strategicsource.com/hubfs/Imported_Blog_Media/pexels-cytonn-photography-955395.jpg) [Supplier,](https://content.strategicsource.com/blog/tag/supplier) [Expense Reduction,](https://content.strategicsource.com/blog/tag/expense-reduction) [Cost Reduction](https://content.strategicsource.com/blog/tag/cost-reduction) ### [How to Combat Price Increases Caused by Supplier Consolidation](https://content.strategicsource.com/blog/how-to-combat-price-increases-caused-by-supplier-consolidation) 8/16/22 3:44 PM Margin compression is very real for most dealerships. As companies continue to consolidate, competition can be reduced, prices go up and a take it or leave it attitude can prevail with some suppliers - giving dealerships even more headaches to contend with. Expense categories where supplier consolidations have occurred: [McKenzie Grimes](https://content.strategicsource.com/blog/author/mckenzie-grimes) [Read More](https://content.strategicsource.com/blog/how-to-combat-price-increases-caused-by-supplier-consolidation) ![a group of businesspeople in a board room](https://content.strategicsource.com/hubfs/Imported_Blog_Media/pexels-rebrand-cities-1367276.jpg) [Expense Reduction,](https://content.strategicsource.com/blog/tag/expense-reduction) [Expense Management](https://content.strategicsource.com/blog/tag/expense-management) ### [How to Create a Strategic Spend Map \[Free Template\]](https://content.strategicsource.com/blog/how-to-create-a-strategic-spend-map-free-template) 5/10/22 2:00 PM Business leaders face many challenges and many opportunities every day. If leading your organization to reduced costs and improved profitability  is a course you have chosen, developing an aggressive objective and an executable plan are essential next steps. ![Doug Austin](https://content.strategicsource.com/hs-fs/hubfs/SSI20218.jpeg?width=45&name=SSI20218.jpeg) [Doug Austin](https://content.strategicsource.com/blog/author/doug-austin) [Read More](https://content.strategicsource.com/blog/how-to-create-a-strategic-spend-map-free-template) ![a man at a dealership holding a clipboard](https://content.strategicsource.com/hubfs/Imported_Blog_Media/pexels-antoni-shkraba-7144179.jpg) [Expense Reduction,](https://content.strategicsource.com/blog/tag/expense-reduction) [Expense Management,](https://content.strategicsource.com/blog/tag/expense-management) [Dealership](https://content.strategicsource.com/blog/tag/dealership) ### [Why Dealerships are Overspending (And How to Cut Costs)](https://content.strategicsource.com/blog/why-dealerships-are-overspending-and-how-to-cut-costs) 4/26/22 11:45 AM There is no question that dealerships are focused on cutting costs. We see it in our business, we heard it at NADA and we talked with suppliers at NADA who were honing in on that message as well. Cut costs and track the reductions…a great objective for any business or non-profit. ![Doug Austin](https://content.strategicsource.com/hs-fs/hubfs/SSI20218.jpeg?width=45&name=SSI20218.jpeg) [Doug Austin](https://content.strategicsource.com/blog/author/doug-austin) [Read More](https://content.strategicsource.com/blog/why-dealerships-are-overspending-and-how-to-cut-costs) ![a pile of puzzle pieces](https://content.strategicsource.com/hubfs/Imported_Blog_Media/hans-peter-gauster-3y1zF4hIPCg-unsplash.jpg) [Expense Reduction,](https://content.strategicsource.com/blog/tag/expense-reduction) [Cost Reduction](https://content.strategicsource.com/blog/tag/cost-reduction) ### [Is Your Cost Reduction Tactical or Strategic?](https://content.strategicsource.com/blog/is-your-cost-reduction-tactical-or-strategic) 4/11/22 1:00 PM Most business organizations find themselves involved in cost reduction initiatives from time to time. To sustain an organization over the long term, cost reduction efforts need to become deeply ingrained in the business structure itself and that is usually accomplished through a Spend Management or Purchasing Department. Purchasing is typically charged with sourcing, quoting, negotiation, implementation and supply base management responsibilities including compliance audits. ![Doug Austin](https://content.strategicsource.com/hs-fs/hubfs/SSI20218.jpeg?width=45&name=SSI20218.jpeg) [Doug Austin](https://content.strategicsource.com/blog/author/doug-austin) [Read More](https://content.strategicsource.com/blog/is-your-cost-reduction-tactical-or-strategic) ![a piggy bank in front of a dollar bill](https://content.strategicsource.com/hubfs/Imported_Blog_Media/pexels-monstera-5849585.jpg) [Expense Reduction,](https://content.strategicsource.com/blog/tag/expense-reduction) [Expense Management](https://content.strategicsource.com/blog/tag/expense-management) ### [How to Make Profitability a Priority](https://content.strategicsource.com/blog/how-to-make-profitability-a-priority) 4/7/22 2:00 PM Is improved profitability *really* a priority for most organizations? ![Doug Austin](https://content.strategicsource.com/hs-fs/hubfs/SSI20218.jpeg?width=45&name=SSI20218.jpeg) [Doug Austin](https://content.strategicsource.com/blog/author/doug-austin) [Read More](https://content.strategicsource.com/blog/how-to-make-profitability-a-priority) ![scrabble tiles spelling out ](https://content.strategicsource.com/hubfs/Imported_Blog_Media/brett-jordan-M3cxjDNiLlQ-unsplash.jpg) [The StrategicSource Blog,](https://content.strategicsource.com/blog/tag/the-strategicsource-blog) [Spend Management,](https://content.strategicsource.com/blog/tag/spend-management) [Expense Reduction,](https://content.strategicsource.com/blog/tag/expense-reduction) [Dealership](https://content.strategicsource.com/blog/tag/dealership) ### [How to Make an Ineffective Spend Strategy an Effective One](https://content.strategicsource.com/blog/how-to-make-an-ineffective-spend-strategy-an-effective-one) 3/15/22 3:00 PM The implementation of a Spend Management Vision – a dedicated function within an organization is very common in most large organizations. While most organizations that have a Spend Management Vision and Department realize the benefits and efficiencies, organizations that do not have those functions resident in their organizations probably do not realize the costs of being highly decentralized. [McKenzie Grimes](https://content.strategicsource.com/blog/author/mckenzie-grimes) [Read More](https://content.strategicsource.com/blog/how-to-make-an-ineffective-spend-strategy-an-effective-one) ![](https://content.strategicsource.com/hubfs/pexels-gustavo-fring-4173189-768x512.jpeg) [The StrategicSource Blog,](https://content.strategicsource.com/blog/tag/the-strategicsource-blog) [Spend Management,](https://content.strategicsource.com/blog/tag/spend-management) [Expense Reduction,](https://content.strategicsource.com/blog/tag/expense-reduction) [Dealership](https://content.strategicsource.com/blog/tag/dealership) ### [167 Dealership Options to Reduce Costs](https://content.strategicsource.com/blog/167-dealership-options-to-reduce-costs) 2/18/22 5:00 AM COVID was a 2 x 4 to the head in terms of getting our attention and showing us how quickly a business can go from something amazing to pure survival mode. During early COVID times management teams were scrambling to gather information and executing strategies to cut costs quickly, not knowing when business would come back, if at all. [McKenzie Grimes](https://content.strategicsource.com/blog/author/mckenzie-grimes) [Read More](https://content.strategicsource.com/blog/167-dealership-options-to-reduce-costs) ![](https://content.strategicsource.com/hubfs/Imported_Blog_Media/chart-g0864d16a7_1280-1.png) [The StrategicSource Blog,](https://content.strategicsource.com/blog/tag/the-strategicsource-blog) [Expense Reduction,](https://content.strategicsource.com/blog/tag/expense-reduction) [Expense Management](https://content.strategicsource.com/blog/tag/expense-management) ### [5 Tips to Revolutionize Your Expense Management](https://content.strategicsource.com/blog/5-tips-to-revolutionize-your-expense-management) 2/9/22 4:21 AM Many organizations have engaged in some form of cost reduction at one point or another. Most cost control actions are short term….designed to quickly reduce costs in some proportion to the corresponding decrease in revenues. But once they’re no longer needed, they’re retired and spending returns to normal. So what now? What do businesses do to keep and maintain a reduced bottom line and enhance profitability? What can organizations do differently to improve results, increase efficiency and improve effectiveness going forward? [McKenzie Grimes](https://content.strategicsource.com/blog/author/mckenzie-grimes) [Read More](https://content.strategicsource.com/blog/5-tips-to-revolutionize-your-expense-management) ![](https://content.strategicsource.com/hubfs/Imported_Blog_Media/mauro-gigli-1JX4J_kq7sU-unsplash.jpg) [The StrategicSource Blog,](https://content.strategicsource.com/blog/tag/the-strategicsource-blog) [Spend Management,](https://content.strategicsource.com/blog/tag/spend-management) [Planning,](https://content.strategicsource.com/blog/tag/planning) [Expense Reduction](https://content.strategicsource.com/blog/tag/expense-reduction) ### [8 Best Practices of Highly Effective Purchasing Operations](https://content.strategicsource.com/blog/8-best-practices-of-highly-effective-purchasing-operations) 2/9/22 4:08 AM All organizations have a purchasing function within their operations. Some organizations centralize their purchasing activities with one group to leverage spend, reduce costs and drive economies of scale. Other organizations decentralize their purchasing responsibilities and spread that responsibility to management closest to their operational responsibilities to maximize the category expertise. [McKenzie Grimes](https://content.strategicsource.com/blog/author/mckenzie-grimes) [Read More](https://content.strategicsource.com/blog/8-best-practices-of-highly-effective-purchasing-operations) ![](https://content.strategicsource.com/hubfs/Imported_Blog_Media/AdobeStock_111399324-1536x1536.jpeg) [The StrategicSource Blog,](https://content.strategicsource.com/blog/tag/the-strategicsource-blog) [Supplier,](https://content.strategicsource.com/blog/tag/supplier) [Expense Reduction](https://content.strategicsource.com/blog/tag/expense-reduction) ### [How to Reduce Expenses by Using a Preferred Supplier](https://content.strategicsource.com/blog/how-to-reduce-expenses-by-using-a-preferred-supplier) 12/9/21 10:34 AM Managing your supplier expenses is critical to your profitability.  People can tend to focus their efforts on the “visible” part of an iceberg and neglect to see the dangers of the “invisible”, in this case the size of the iceberg under the water line.  What does the “iceberg principal” have to do with the management of supplier expenses? [McKenzie Grimes](https://content.strategicsource.com/blog/author/mckenzie-grimes) [Read More](https://content.strategicsource.com/blog/how-to-reduce-expenses-by-using-a-preferred-supplier) #### Main Pages - [Home](https://strategicsource.com/) - [About Us](https://strategicsource.com/about-us/) - [Our Approach](https://strategicsource.com/our-approach/) #### Solutions - [Profit Improvement Program](https://strategicsource.com/profit-improvement-program/) - [ExpenseEDGE](https://strategicsource.com/expenseedge/) - [Executive Tools](https://strategicsource.com/executive-tools/) #### Key Links - [Webinars](https://strategicsource.com/events/) - [Testimonials](https://strategicsource.com/testimonials/) - [Contact Us](https://strategicsource.com/contact-us/) ### Subscribe to our Monthly Newsletter! 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