Tips to Reduce Operational Costs
In today's economy, there is no doubt a large focus on reducing operational costs (whether they are the traditional operational costs of a business or the day-to-day personal operational costs).
Defining and Controlling Costs
Navigating growth gets tricky if you lose perspective on spending. Keep costs under control by identifying the spot where people, process and technology work best.
Budgeting
Budgeting is always relevant, but especially during a recession. Here are a few tips for success.
Innovate or Die
In today's economic environment, slow and steady progress, a continuous improvement philosophy and a low-cost producer, commodity focus will likely result in death.
Keys to Plant Management Success
To succeed in today's environment, it is no longer desirable to have a world class operation focused on providing a value add while maximizing resources; it is a requirement.
Leverage the Transferability of Best Practices
Leveraging the transferability of best practices involves the following key items.
Leverage Your ERP System for Bottom Line Business Results
In my experience across multiple industries and globally, companies typically are utilizing 20% of their ERP systems capabilities.
The Value of Customer Service
The value of customer service might not be clear until it's necessary - after all, it seems like not a big deal to potentially sacrifice a bit of service in order to gain a good discount.
Why Start with Inventory Accuracy?
As companies set priorities for 2010 or next year's budget, it is important to understand where to start.
Quality
Even the founder of lean principles, Toyota can falter on quality; thus, anyone can lose their edge - yet it is cornerstone to business success.