This is a very old saying and everyone knows about it but still some organisations doesn't pay attention to this. There are various cost saving initiatives followed by an organisation and each of the initiative should be vetted by a senior management team before implementing the same. Decentralizing this decision making will force the employees to look for short term gains and will cost a lot for the organisation. Check who is in charge of cost saving initiatives and put some control measures to really save the cost.
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