From the course: Cost Reduction Tips - How To Cut Costs And Maximize Profits

Unlock this course with a free trial

Join today to access over 22,600 courses taught by industry experts.

The small stuff

The small stuff

From the course: Cost Reduction Tips - How To Cut Costs And Maximize Profits

Start my 1-month free trial Buy for my team

The small stuff

“

- In this video, I just want to briefly put a plea in for the small stuff that gets forgotten, the stuff that gets ignored or never reaches the top of your hit list. And clearly we want to do a Pareto and identify the big spends first, but there might be other stuff that there's still significant savings to be had. So for example, heating and lighting. They can add up to thousands of pounds a year. Or waste disposal. So what do you do with your spare cardboard, or your packaging, and your pallets and stuff like that? And again, you could end up spending thousands on that. Maybe it will be worth getting a compactor or having some sort of recycling scheme. Perhaps there's somebody who would pay you for it, even, if you could find them. So a good way to do that is compare your company with other people's companies and see how much they spend on heating, and lighting, and waste, and then you can work out whether you're getting a good deal or not. There's also the purchasing of small…

Contents