According to CEB members the best areas to reduce expenses are:

·        Telecommunications

·        Travel (in planning ahead)

·        Constantly monitor wages

·        Utilities

·        Company vehicles

·        Right-size staff constantly

·        Refinance debt

·        Shop health insurance

·        Reduce inventories

·        Monitor cell phones

·        Track all outgoing calls

·        Reduce overtime

·        Purchase at e-auctions

·        Move from snail mail to e-mail

·        Invest in technology

·        Consolidate vendors

·        Negotiate everything