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All posts tagged Cost Reduction Consultants

Improving efficiency is key to any business especially in tough financial times. Good business managers recognise this; Great business managers address efficiency and make it happen!

Efficiency, productivity and the competition are linked. Improved productivity equals increased efficiency which results in a higher level of competitiveness.

Efficiency and productivity

Efficiency is about using resources to their maximum potential. Efficient companies maximise outputs from given inputs, and so minimise their costs. By addressing efficiency a business can reduce its costs and improve its competitiveness & productivity.

There is a huge difference between production and productivity.

Production is the amount made by a company in a given time frame.

Productivity measures how much each employee makes over a period of time. It is calculated by dividing the total output by the number of workers. If a manufacturing firm employs 50 staff that produces 1000 toys a day, then the productivity of each worker is:

1,000 toys/50 staff = 20 toys

Chart displaying efficiency and productivity

An increase in productivity from 20 toys to 25 toys, without increasing costs, means the company has improved it’s efficiency. The result is lower unit costs and increased profit margins.

Staff productivity depends on their skills, the quality of machines available and management effectiveness. Productivity can be improved through traininginvestment in equipment/ machines and better staff managementTraining and investment cost money in the short term, but can raise long-term productivity.

 

Cutting costs in business should be at the top of every business owners list… along with everything else!

Business Cost Management

Cutting costs in your business is a task that always needs attention. Your business will have built up hundreds, if not thousands of pounds per month of costs. Cutting costs is not an easy or straight forward task and can be extremely time consuming.

Cost Reduction Strategies

You know or may not know that you can save money be reducing your business outgoings but, believe us, there is money to be saved! Our consultants are extremely successful in finding solutions to reduce your business costs and could save you thousands of pounds each year.

Whether your spend is on phones, electric, water, web sites, marketing, fuel or IT services, 1 dash 1 can reduce any expenditure and improve your profits. Our cost cutting strategies are kept current by our commitment to research, the latest market trends and our desire to provide the very best cost reduction solutions.

Cost Reduction Consulting

Read our Our Services page to discover what we do for our customers and make sure you do not miss out on business cost savings!