In order to affect a change, you must act. In this video, learn how to create an action plan in place for improving your organization and increasing profits.
- So we've measured our costs. … We've really understood what's happening … in this system that is our organization. … What are the top 10 actions we can take … to cut our costs? … So firstly, number one measurement … before you do anything else, both cutting and investing. … Know for sure why you're making the change, … and know whether it has had the desired affect. … Second, do a pareto analysis and focus on the big areas … and not the biscuits. … Third, engage employees in the process of cost reduction. … Set up project teams and involve as many people … as you can at all levels. … Publicize the costs of everything, including time, … so that everyone becomes more cost aware, … and then everyone can suggest ideas for reducing waste. … In other words, get people to care. … Number four on my list of actions is … make sure you have a strong HR department, … who aren't afraid to confront problems, … maybe even to have to get rid of the people … who should be got rid of. … Action number five, can you cut …
- 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
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