What does cost savings mean?

Definitions for cost savings
cost sav·ings

This dictionary definitions page includes all the possible meanings, example usage and translations of the word cost savings.

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U.S. National Library of Medicine

  1. Cost Savings

    Reductions in all or any portion of the costs of providing goods or services. Savings may be incurred by the provider or the consumer.

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  1. Chaldean Numerology

    The numerical value of cost savings in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of cost savings in Pythagorean Numerology is: 4

Examples of cost savings in a Sentence

  1. William Couch:

    The Navy released a CVN 80/81 two-ship buy Request for Proposal to Huntington Ingalls Industries - to further define the cost savings achievable with a potential two-ship buy. The Navy received HII response May 1 and will consider it in its procurement planning for both ships.

  2. Jonah Peretti:

    I think that there are two paths for AI in digital media, one path is the obvious path that a lot of people will do — but it’s a depressing path — using the technology for cost savings and spamming out a bunch of SEO articles that are lower quality than what a journalist could do, but a tenth of the cost. That’s one vision, but to me, that’s a depressing vision and a shortsighted vision because in the long run it’s not going to work.

  3. Bret Taylor:

    It really shortens the time to resolution on these calls, which is really great for both sides of that interaction, for people who are in a contact center, improving the efficiency of all those calls is a huge cost (savings). And for you as a consumer, it means you get off that call more quickly, you solve your problem more quickly.

  4. Mikael Rautanen:

    The decline in (Nokia's) wireless networks was surprisingly fierce ... The market remains difficult, which seems to add pressure to step up their cost-savings programme.

  5. Volvo Chief Executive Hakan Samuelsson:

    On a component level, I see considerable cost savings. Most important is the development side. The engineers will get the resources to take the next step to develop top-notch hybrid engines.

Translations for cost savings

From our Multilingual Translation Dictionary

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"cost savings." Definitions.net. STANDS4 LLC, 2024. Web. 13 Apr. 2024. <https://www.definitions.net/definition/cost+savings>.

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