OREANDA-NEWS. June 24, 2011. The ultimate goal of the Program is achievement of the relevant market performance indicators and profitability.

IDGC North-West implements a systematic approach to cost management. Beginning in 2009, forming of  business plan of the Company accompanied by the development of cost management programs with respect to the stated production requirements of the branches.
Measures of costs reducing within the program allow saving the stable financial condition of the Company. For some indicators (liquidity ratio of accounts receivable and accounts payable) in 2010 was marked a positive dynamic.

Currently, the company is working on forming a 3-year program of cost management, providing optimization of operational, investment and financial costs of the company in addition to the indicators set out in business plan approved in 2011.

Automatization of  business processes and optimizing the structure of the company will be aimed at restraining the growth of salary component in the tariff.

Much attention will be paid to improving of  the efficiency of procurement, the optimal use of resources, reduce the cost for  the non-core assets of the Company.

The ultimate goal of the Program is achievement of the relevant market performance indicators and profitability.