bring down costs

Meaning

This phrase means to reduce the amount of money spent on producing goods, running a business, or executing a project. It is a common objective in financial planning, operations, and management. The tone is practical, analytical, and highly relevant to business survival and profitability.

Examples

• By switching to a local supplier, we managed to bring down costs significantly.

  By switching to a local supplier, we managed to bring down costs significantly.

• Our primary goal for the next quarter is to bring down costs without sacrificing quality.

  Our primary goal for the next quarter is to bring down costs without sacrificing quality.

• Automating the assembly line helped the manufacturer bring down costs by twenty percent.

  Automating the assembly line helped the manufacturer bring down costs by twenty percent.

• We need to find creative ways to bring down costs if we want to survive this recession.

  We need to find creative ways to bring down costs if we want to survive this recession.

• Negotiating a bulk discount is one of the easiest ways to bring down costs.

  Negotiating a bulk discount is one of the easiest ways to bring down costs.

Common Mistakes

• ✗ We must down costs to improve our profit margin.

  ✓ We must bring down costs to improve our profit margin.

  'Down' is an adverb or preposition, not a verb. You must use the full phrasal verb 'bring down' to denote reduction.

• ✗ The manager wants to take down costs.

  ✓ The manager wants to bring down costs.

  'Take down' means to dismantle or write something down. 'Bring down' is the correct phrasal verb for reducing financial figures or prices.

Related Expressions

Practice

• If we transition to remote work, we can ___ associated with office rent.

  💡 Reduce the expenses.

  Show answer

  bring down costs

• The operations team is analyzing the supply chain to see where we can ___.

  💡 Lower the expenditures.

  Show answer

  bring down costs