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actions towards cost reduction and productivity improvement Tagged Articles
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Cost Control in this Economy
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| Cost control is not just a checklist, but a way of thinking that cost effectiveness is the primary objective. Focus on results, not the process. And please, don’t just look at direct hourly people for improvement. That is probably not where your big costs are. Show me the money.
For a deeper analysis, my book called Cost Reduction; Survive, Recover, Thrive offers actions for any phase of the economy, for all levels of the organization chart. It is listed on Amazon, search by the title please. It is available in a Kindle edition as well as paperback.
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Other actions towards cost reduction and productivity improvement Related Articles
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Productivity Leadership - Part Four 'Development'
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| “Productivity Leadership” is Part Four ‘Development’ in an integrated approach to human resources management. A mere 5% productivity improvement would vastly energize any organization. We bet you can do better. Part Five 'Compensation'. |
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Reduction to the Achievable
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| There is the classic sales technique called “reduction to the ridiculous”, whereby the cost of the item being offered for sale (or the premium above a competitor’s offering) is framed in terms of the cost of a daily cup of coffee. If we take the concept (a big thing made up of tiny pieces) and apply it to goal setting and target achievement, then it becomes a useful tool when undertaking an ambitious objective - "Reduction to the Achievable" |
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How to repair trust after workforce reduction
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| Workforce reduction and the way it is handled either reinforce congruency or breaks it along with perceived integrity, reliability and fairness. When this happens, team work success and trust is compromised. This article offers two suggestions for successful entrepreneurs on how to repair workforce trust and explains the productivity cost of not doing so.
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Starting a Cost Reduction System, a few ideas!
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| Putting a cost reduction strategy is always beneficial but many times difficult to start. I have listed a few steps below just to get the juices flowing and an entry into cost reduction. Put them to use and brainstorm a few more. But the most important tip I can leave behind is one the you have heard many times before... |
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Your Positive Thoughts and Actions of Influence – The Key Factors
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| Your positive thoughts and actions of influence are essential for your self improvement and your development. Knowing the key factors for progressive thinking and noble actions will keep you on the path of success. |
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Monetize Lost Productivity
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| By definition, productivity is a measure of output from a production process, per unit of input or more simply yielding results, benefits or profits. Productivity is distinct from profitability. Profitability is the net difference between revenues and expenses. However, every little improvement to productivity has a direct impact on your profitability. |
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Productivity Improvement via Method study
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| There are a number of approaches to improving productivity: the best-known currently is probably ‘Lean’ but such approaches go back many years to the days of the early ‘productivity pioneers’.
Many people (and especially people of ‘a certain age’) will immediately think of ‘time and motion’ when asked to describe a productivity methodology. This refers to the early days of ‘work study’ when the aim (as it often still is today) is to reduce the time taken by, and the motion involved in, work.
The ‘improvement’ methodology of work study that derived from time & motion study was method study … and an understanding of method study gives a real insight into how all productivity improvement methodologies work.
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Suggestion Boxes in the Workplace
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| Suggestion boxes can be a part of a comprehensive cost control and productivity improvement effort. All of us like to have our voices heard, and these tips will help to administer a suggestion program fairly and promptly.
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When Lean Thinking Fails
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| Most of us are familiar with the term "Lean Thinking." The technique for making continuous improvement has been around for nearly 30 years, and it produces remarkable progress in any organization when it is applied correctly. There are numerous examples of how a well-engineered Kaizen event can yield a more than 50% improvement in productivity in a single week.
My observation is that there are nearly as many failures of lean programs as successes. This article outlines some reasons why. |
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Discover How To Leverage Voice Mail To Make More Sales
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| Productivity and cost efficiency are key drivers for corporations adopting new technologies. While it is hardly new and few can dispute its overall benefit, voice mail is one technology that has greatly reduced the productivity of Business-to-Business sales people and increased cost for their employers. This, however can be fixed. Here's how. |
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