cost savings
Money kept back
Cost savings refers to money not spent because of efficiency, negotiation, or changed circumstances.
The phrase typically appears in business and government contexts: The new system will deliver significant cost savings.
Unlike profit or revenue, cost savings measures reduction in expense rather than income gained.
The singular cost saving works as an adjective: a cost-saving measure.
- economies of scaleCost advantages from size
- bulk purchasingOrdering in large quantities
- bulk discountPrice reduction for quantity
- efficiencyProductive without waste
- operational efficiencySmooth, waste-free functioning
lean operations · frugality · optimization · automation · value · price point · bang for buck · expense · streamlining · economy · budgeting · procurement · financial · in the black · cutback · belt tightening · minimize · coupon
- Government Reformbudget reform, fiscal reform, government reform, policy reform, regulatory reform
- buying factorsprice, value, quality, brand, convenience
- austerityausterity measures, spending cuts, budget cuts, fiscal austerity, deficit reduction
- cost analysisdirect costs, fixed costs, unit costs, operating expenses, operating expense
- Medical Tourismdental tourism, travel coordinator, waiting lists, cosmetic surgery, dental implants
- metricsKPI, metric, KPIs, metrics, statistics
cost savingscost increase
Growth in expense
rising costs · cost overrun · budget overrun · financial loss · surcharges
cost savingsfinancial loss
Negative monetary outcome
waste · overspending · inefficiency · wastefulness · budget deficit
save, cost, saving, savings, saves, cost-saving, cost saving