From the course: Cost Reduction Tips - How To Cut Costs And Maximize Profits
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The real cost of bad IT
From the course: Cost Reduction Tips - How To Cut Costs And Maximize Profits
The real cost of bad IT
- Another significant time waster and therefore a waster of money is poor IT. Computers have just become more and more vital to every business. They're an increasing cost. They're getting more and more sophisticated and I just think there's so much bad IT everywhere I go. I've done quite a lot of work for the National Health Service for example and it's just (sighs). I mean it would cost a lot for them to have brilliant IT. But on the other hand the amount of time that gets wasted because of their IT systems and I'm sure everybody who works there would agree that we really perhaps should do something about that. So if you measure the biggest time wasters I bet IT will be one of them. And if you just sit and observe a person trying to work have a look at whether the IT gives them what they want. I think it's a massive hidden cost. I've booked into hotels and the woman's typing away and she takes ages and in the end I say, "Are you all right?" She goes, "Oh, it's this new system…
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Contents
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Costs other than people: Introduction18s
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Stock: The hidden curse3m 31s
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Central purchasing department analysis6m 28s
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Are subcontractors a hidden money pit?6m 12s
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What is your optimum quality?10m 13s
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Effectively managing queues4m 37s
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Bottlenecks4m 50s
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Poor utilization of assets2m 51s
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The real cost of bad IT7m 34s
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The small stuff2m 31s
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Get value from marketing4m 39s
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A lack of investment can be costly3m 21s
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Your company culture3m 17s
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Wrap up51s
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