minimize operational costs
/ˈmɪnɪmaɪz ˌɒpəˈreɪʃənl kɒsts/
Meaning
This phrase means to reduce the day-to-day expenses required to run a business, such as rent, utilities, payroll, and raw materials. It is a key focus for managers looking to increase profitability without sacrificing quality.
Examples
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By moving our servers to the cloud, we were able to minimize operational costs.
By moving our servers to the cloud, we were able to minimize operational costs.
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Many companies outsource non-core tasks to minimize operational costs.
Many companies outsource non-core tasks to minimize operational costs.
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We are reviewing our supply chain to see where we can minimize operational costs.
We are reviewing our supply chain to see where we can minimize operational costs.
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Switching to energy-efficient lighting helped the factory minimize operational costs.
Switching to energy-efficient lighting helped the factory minimize operational costs.
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The new manager's main task is to restructure the department and minimize operational costs.
The new manager's main task is to restructure the department and minimize operational costs.
Common Mistakes
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✗ We are trying to minimize operations costs this fiscal year.
✓ We are trying to minimize operational costs this fiscal year.
Use the adjective 'operational' rather than the plural noun 'operations' to describe the costs.
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✗ The strategy aims to minimize operational cost.
✓ The strategy aims to minimize operational costs.
'Costs' should be plural here because it refers to multiple different types of expenses (rent, labor, utilities) incurred during operations.
Related Expressions
Practice
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Negotiating better rates with our suppliers will help us _____ _____ _____.
💡 Keep the day-to-day running expenses of the business as low as possible.
Show answer
minimize operational costs
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Using remote workers allows us to save on office space and _____ _____ _____.
💡 Reduce the expenses needed to run the business daily.
Show answer
minimize operational costs