Comparative analysis on things like stationery, lighting, etc. versus other companies can help save money. In this video, learn how to perform a deeper analysis of your overhead.
- 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. …
- 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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