Every portion of your business has a maximum productivity bandwidth. In this video, learn how to identify the places in your organization where bandwidth could be adjusted to fit the flow of your pipeline.
- The next area I want to talk about … is the idea of bottlenecks, … and the money that you spend on … non bottlenecks being wasted. … So let's imagine that you've got a process … that just has three stages. … And the first stage of your process, … and this might be coping with orders coming in, … or it might be cutting material, … or it might be going out to see customers, whatever it is. … The first stage of your process you can cope with, … let's call it 10. … This might be 10 people an hour, 10 people a week … or whatever, I'll just call it 10 okay? … The second stage can only cope with seven. … And the third stage can cope with 12. … So we've got 10, 7, 12. … Now, how many people can you deal with per hour or per week? … And the answer is, … you're limited to the bottleneck, aren't you? … You're limited to seven … because the second part of your process … can only cope with seven per week or per day, … whatever we are measuring. … So we're limited to only seven. … Okay, that's the first thing to realize. …
- Different cost areas affecting your business
- Comparing cost vs. income
- Enhancing your work environment
- Focusing on the most important management tasks
- Getting better deals on raw materials and labor
- Recognizing your optimum quality level
- The hidden costs of subcontracting
- Where to avoid cutting costs
- Top ten cost-cutting actions to take
Skill Level Beginner
What to expect1m 3s
1. What to Reduce
2. Reducing Labor Costs
3. Costs Other Than People
4. Top 10 Tips
- Mark as unwatched
- Mark all as unwatched
Are you sure you want to mark all the videos in this course as unwatched?
This will not affect your course history, your reports, or your certificates of completion for this course.Cancel
Take notes with your new membership!
Type in the entry box, then click Enter to save your note.
1:30Press on any video thumbnail to jump immediately to the timecode shown.
Notes are saved with you account but can also be exported as plain text, MS Word, PDF, Google Doc, or Evernote.