cost reduction

USAGE SUMMARY

The phrase "cost reduction" is correct and usable in written English.
You can use it to indicate that costs are being lowered or reduced. For example, "Our company has implemented a number of cost reduction measures to help keep expenses down."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

53 human-written examples

Cost reduction is also painfully slow.

The Economist

They can't talk about cost reduction.

The New York Times

Cost reduction measures are being aggressively implemented across the Group.

The Guardian - Business

But attempts at cost reduction can provoke inappropriate reactions.

Encyclopedia Britannica

Antapaccay and Las Bambas are both expected to drive a 30% real cost reduction.

The Guardian - Business

Furthermore, the hotel portfolio continues to be expanded, whilst cost reduction remains a core focus.

The Guardian - Business

Human-verified similar examples from authoritative sources

Similar Expressions

7 human-written examples

The company said its cost-reduction plan necessitated the resignations.

The New York Times

The hospital hit its five-per-cent cost-reduction target.

The New Yorker

Here are a few cost-reduction strategies for small businesses.

The New York Times

Cost-reduction measures have been taken, with a number of employees being laid off.

The Guardian - Business

The company attributed its increased profitability to rising sales and effective cost-reduction efforts.

The New York Times

Expert writing Tips

Best practice

When discussing "cost reduction", be specific about the areas targeted and the methods employed. For instance, instead of saying "We implemented cost reduction", specify "We achieved cost reduction in manufacturing through automation and supply chain optimization."

Common error

Don't use "cost reduction" as a standalone goal without quantifying the expected savings or linking it to specific strategic objectives. Vague targets make it difficult to measure success and can lead to ineffective implementation.

Linguistic Context

The phrase "cost reduction" functions primarily as a noun phrase, often used as the subject or object of a sentence. It commonly refers to the act or process of decreasing expenses. Ludwig AI confirms this usage is grammatically correct.

Expression frequency: Very common

Frequent in

News & Media

35%

Science

35%

Formal & Business

15%

Less common in

Encyclopedias

5%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "cost reduction" is a very common and grammatically sound noun phrase used across various domains to denote efforts aimed at decreasing expenses. Ludwig AI confirms that it's a correct and usable term. It's most frequently encountered in news media, scientific research, and business contexts. While the phrase is generally neutral in tone, it's vital to use it with specificity, detailing the methods and targets of the reduction. Avoid vague language and always link "cost reduction" initiatives to measurable strategic objectives. Alternatives include "expense reduction", "budget cuts", and "efficiency improvements".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Expense reduction

Focuses specifically on lowering expenses, often in a business context.

Cost cutting

Similar to "cost reduction" but can imply a more aggressive or immediate approach.

Budget cuts

Implies a more forceful or immediate reduction in spending.

Spending cuts

Highlights a decrease in the amount of money spent.

Overhead reduction

Specifically targets the reduction of indirect business expenses.

Efficiency improvements

Focuses on improving processes to reduce waste and lower costs indirectly.

Financial savings

Emphasizes the positive outcome of reduced spending.

Streamlining operations

Focuses on making business processes more efficient, often leading to cost savings.

Downsizing

Often involves reducing staff to lower payroll costs.

Deflation

Reduction of prices in a specific economy.

FAQs

How can I use "cost reduction" in a sentence?

You can use "cost reduction" to describe actions taken to lower expenses, such as "The company's "cost reduction" strategy included renegotiating supplier contracts and streamlining operations."

What's a good alternative to "cost reduction"?

Alternatives to "cost reduction" include "expense reduction", "budget cuts", or "efficiency improvements", depending on the context.

What are some strategies for "cost reduction" in a business?

Common strategies for "cost reduction" include streamlining processes, automating tasks, reducing waste, and negotiating better deals with suppliers.

Is "cost reduction" always a positive thing?

While "cost reduction" is often seen as positive, it's important to ensure that it doesn't negatively impact quality, employee morale, or long-term strategic goals. Sometimes, short-term "cost reduction" can lead to bigger problems down the road.