Reducing Costs in Your Business
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Transcript of Reducing Costs in Your Business
Reducing Costs in your business
25 April 2012
Welcome
‘The price of inaction is far greater than the cost of making a mistake. ’
Meister Eckhart 1305
It’s popular
Have you been through a Cost Reduction programme in the last 3 years?
Source Deloitte
YesNoDon't Know
Strategy vs Tactics
“Imagination rules the world” Napoleon Bonaparte
Analysis and Planning
Watch the Technology….
Chase the big numbers
Cut waste and inefficiency, not investment
Techniques for Cutting Waste & Inefficiency
Continuous Improvement
Total Quality Management
Kaizen
Six Sigma
Statistical Process Control
Business Process Re-Engineering
ISO 9000
Just in Time
Trillium
Analysis and Planning
Involve your Employees
?
Employment law – stay out of court
Managing Suppliers
• Search the globe• Re-negotiate
Stop doing things
This doesn’t work…
But I’m in a hurry…..
What we plant in the soil of contemplation, we shall reap in the harvest of action.
Meister Eckhart 1307
Recap and Process
• Review Strategy• Analyse and plan • Watch the Technology• Chase the big numbers• Cut waste and inefficiency, not investment• Involve employees• Stay out of court• Manage Suppliers• Stop doing things• Make it a way of life
Conclusion
•Do Less•Do what remains more efficiently•Pay less for what you buy