SlideShare a Scribd company logo
1 of 2
Download to read offline
How Improvement Initiatives That Saved Money.
Improvement initiatives can help organizations save money in various ways. Here are
some common examples:
Process optimization: By analyzing existing processes and identifying areas for
improvement, organizations can eliminate wasteful activities, reduce errors, and
streamline operations. This can lead to cost savings through increased efficiency and
productivity.
Supply chain optimization: Optimizing the supply chain can reduce costs by improving
inventory management, reducing lead times, and negotiating better prices with
suppliers.
Energy efficiency: Implementing energy-efficient technologies and practices can help
reduce energy consumption and associated costs.
Automation: Automating repetitive and time-consuming tasks can improve productivity
and reduce labor costs.
Employee engagement: Engaging employees in improvement initiatives can lead to
increased morale, reduced turnover, and improved productivity.
Waste reduction: Implementing waste reduction programs can reduce material and
disposal costs while also promoting sustainability.
IT optimization: By optimizing IT systems and infrastructure, organizations can reduce
hardware and software costs while improving system reliability and security.
Improvement initiatives can provide significant cost savings for organizations. However,
it's important to carefully plan and choose ERP Company Bahrain to ensure that they
deliver measurable results and that they align with the organization's strategic goals.

More Related Content

Similar to How Improvement Initiatives That Saved Money..pdf

Business process reengineering
Business process reengineeringBusiness process reengineering
Business process reengineering
Aniket Verma
 
Six performance mnagement imperatives
Six performance mnagement imperativesSix performance mnagement imperatives
Six performance mnagement imperatives
Rajesh Patel
 
Bpm Implementation Success Criteria And Best Practice
Bpm Implementation   Success Criteria And Best PracticeBpm Implementation   Success Criteria And Best Practice
Bpm Implementation Success Criteria And Best Practice
Alan McSweeney
 
Instructions· This is a group assignment with only 4 .docx
Instructions· This is a group assignment with only 4 .docxInstructions· This is a group assignment with only 4 .docx
Instructions· This is a group assignment with only 4 .docx
normanibarber20063
 

Similar to How Improvement Initiatives That Saved Money..pdf (20)

Fail to prepare - Softworld 2011
Fail to prepare -  Softworld 2011Fail to prepare -  Softworld 2011
Fail to prepare - Softworld 2011
 
Session 2 & 3
Session 2 & 3Session 2 & 3
Session 2 & 3
 
Business process reengineering
Business process reengineeringBusiness process reengineering
Business process reengineering
 
Nuclear Promise: Reducing Cost While Improving Performance
Nuclear Promise: Reducing Cost While Improving PerformanceNuclear Promise: Reducing Cost While Improving Performance
Nuclear Promise: Reducing Cost While Improving Performance
 
6 Sigma - Chapter6
6 Sigma - Chapter66 Sigma - Chapter6
6 Sigma - Chapter6
 
Austin Tech Introduction Deliver Business Value With It Service Management ...
Austin Tech Introduction   Deliver Business Value With It Service Management ...Austin Tech Introduction   Deliver Business Value With It Service Management ...
Austin Tech Introduction Deliver Business Value With It Service Management ...
 
Price Optimization PowerPoint Presentation Slides
Price Optimization PowerPoint Presentation SlidesPrice Optimization PowerPoint Presentation Slides
Price Optimization PowerPoint Presentation Slides
 
Strategic Cost Optimization: Driving Business Innovation While Reducing IT Costs
Strategic Cost Optimization: Driving Business Innovation While Reducing IT CostsStrategic Cost Optimization: Driving Business Innovation While Reducing IT Costs
Strategic Cost Optimization: Driving Business Innovation While Reducing IT Costs
 
Costing sem 2.pdf
Costing sem  2.pdfCosting sem  2.pdf
Costing sem 2.pdf
 
Six performance mnagement imperatives
Six performance mnagement imperativesSix performance mnagement imperatives
Six performance mnagement imperatives
 
Bpm Implementation Success Criteria And Best Practice
Bpm Implementation   Success Criteria And Best PracticeBpm Implementation   Success Criteria And Best Practice
Bpm Implementation Success Criteria And Best Practice
 
Understand-Business-Ops-Meaning-To-Boost-Productivity.ppt
Understand-Business-Ops-Meaning-To-Boost-Productivity.pptUnderstand-Business-Ops-Meaning-To-Boost-Productivity.ppt
Understand-Business-Ops-Meaning-To-Boost-Productivity.ppt
 
Performance Measurement
Performance MeasurementPerformance Measurement
Performance Measurement
 
IT Financial Management
IT Financial ManagementIT Financial Management
IT Financial Management
 
It Governance Methodology Cox
It Governance Methodology CoxIt Governance Methodology Cox
It Governance Methodology Cox
 
Instructions· This is a group assignment with only 4 .docx
Instructions· This is a group assignment with only 4 .docxInstructions· This is a group assignment with only 4 .docx
Instructions· This is a group assignment with only 4 .docx
 
IT Service Delivery Model Overview
IT Service Delivery Model OverviewIT Service Delivery Model Overview
IT Service Delivery Model Overview
 
Ensemble - Process, Strategy and Performance Management
Ensemble - Process, Strategy and Performance ManagementEnsemble - Process, Strategy and Performance Management
Ensemble - Process, Strategy and Performance Management
 
Strategic Cost Management
Strategic Cost Management Strategic Cost Management
Strategic Cost Management
 
Erp
ErpErp
Erp
 

More from Jose thomas

More from Jose thomas (20)

What do Technology and The digital age in ERP Systems Mean.pdf
What do Technology and The digital age in ERP Systems Mean.pdfWhat do Technology and The digital age in ERP Systems Mean.pdf
What do Technology and The digital age in ERP Systems Mean.pdf
 
Financial Management Cybersecurity Protecting Your Financial Data.pdf
Financial Management Cybersecurity Protecting Your Financial Data.pdfFinancial Management Cybersecurity Protecting Your Financial Data.pdf
Financial Management Cybersecurity Protecting Your Financial Data.pdf
 
Is it time to implement Mobility Process Automation in your organization.pdf
Is it time to implement Mobility Process Automation in your organization.pdfIs it time to implement Mobility Process Automation in your organization.pdf
Is it time to implement Mobility Process Automation in your organization.pdf
 
How Using Employee Power to Ensure a Successful ERP Upgrade.pdf
How Using Employee Power to Ensure a Successful ERP Upgrade.pdfHow Using Employee Power to Ensure a Successful ERP Upgrade.pdf
How Using Employee Power to Ensure a Successful ERP Upgrade.pdf
 
How Do BI dashboards and Modern Analytics Increase Organizational Efficiency.pdf
How Do BI dashboards and Modern Analytics Increase Organizational Efficiency.pdfHow Do BI dashboards and Modern Analytics Increase Organizational Efficiency.pdf
How Do BI dashboards and Modern Analytics Increase Organizational Efficiency.pdf
 
How can your enterprise accomplish mobility-based operational digitization.pdf
How can your enterprise accomplish mobility-based operational digitization.pdfHow can your enterprise accomplish mobility-based operational digitization.pdf
How can your enterprise accomplish mobility-based operational digitization.pdf
 
How Can Manufacturers Improve The Experience for Customers.pdf
How Can Manufacturers Improve The Experience for Customers.pdfHow Can Manufacturers Improve The Experience for Customers.pdf
How Can Manufacturers Improve The Experience for Customers.pdf
 
Does Your Company Have the Capability to Manage an ERP System.pdf
Does Your Company Have the Capability to Manage an ERP System.pdfDoes Your Company Have the Capability to Manage an ERP System.pdf
Does Your Company Have the Capability to Manage an ERP System.pdf
 
Major ERP deployment risk factors (and how to prevent them).pdf
Major ERP deployment risk factors (and how to prevent them).pdfMajor ERP deployment risk factors (and how to prevent them).pdf
Major ERP deployment risk factors (and how to prevent them).pdf
 
Four ways an ERP system might boost your financial quality.pdf
Four ways an ERP system might boost your financial quality.pdfFour ways an ERP system might boost your financial quality.pdf
Four ways an ERP system might boost your financial quality.pdf
 
Why do extending firms need to understand ERP software.pdf
Why do extending firms need to understand ERP software.pdfWhy do extending firms need to understand ERP software.pdf
Why do extending firms need to understand ERP software.pdf
 
ERP's Modern Transformation How it is redesigning Business Reality.pdf
ERP's Modern Transformation How it is redesigning Business Reality.pdfERP's Modern Transformation How it is redesigning Business Reality.pdf
ERP's Modern Transformation How it is redesigning Business Reality.pdf
 
4 ERP features that a multi-entity company should seek for.pdf
4 ERP features that a multi-entity company should seek for.pdf4 ERP features that a multi-entity company should seek for.pdf
4 ERP features that a multi-entity company should seek for.pdf
 
The program for Business Management Five Things to Consider.pdf
The program for Business Management Five Things to Consider.pdfThe program for Business Management Five Things to Consider.pdf
The program for Business Management Five Things to Consider.pdf
 
Is ERP software required for my small business Four points to consider.pdf
Is ERP software required for my small business Four points to consider.pdfIs ERP software required for my small business Four points to consider.pdf
Is ERP software required for my small business Four points to consider.pdf
 
Are you prepared Configuring your company for ERP implementation.pdf
Are you prepared Configuring your company for ERP implementation.pdfAre you prepared Configuring your company for ERP implementation.pdf
Are you prepared Configuring your company for ERP implementation.pdf
 
Revealed Profitability Effortless Strategies for Financial Prosperity using E...
Revealed Profitability Effortless Strategies for Financial Prosperity using E...Revealed Profitability Effortless Strategies for Financial Prosperity using E...
Revealed Profitability Effortless Strategies for Financial Prosperity using E...
 
Finance Talks Interpreting Finance and Accounting Terminology.pdf
Finance Talks Interpreting Finance and Accounting Terminology.pdfFinance Talks Interpreting Finance and Accounting Terminology.pdf
Finance Talks Interpreting Finance and Accounting Terminology.pdf
 
ERP Can Help You Go From Excel to Executive Boost Your Accounting and Finance...
ERP Can Help You Go From Excel to Executive Boost Your Accounting and Finance...ERP Can Help You Go From Excel to Executive Boost Your Accounting and Finance...
ERP Can Help You Go From Excel to Executive Boost Your Accounting and Finance...
 
Beneficial Numbers The Interaction of Accounting and Finance Executives.pdf
Beneficial Numbers The Interaction of Accounting and Finance Executives.pdfBeneficial Numbers The Interaction of Accounting and Finance Executives.pdf
Beneficial Numbers The Interaction of Accounting and Finance Executives.pdf
 

Recently uploaded

Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for Viewing
Nauman Safdar
 
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in OmanMifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
instagramfab782445
 
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabiunwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
Abortion pills in Kuwait Cytotec pills in Kuwait
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
allensay1
 

Recently uploaded (20)

Mckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for ViewingMckinsey foundation level Handbook for Viewing
Mckinsey foundation level Handbook for Viewing
 
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in OmanMifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
 
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabiunwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
 
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGParadip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Paradip CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
 
Buy Verified TransferWise Accounts From Seosmmearth
Buy Verified TransferWise Accounts From SeosmmearthBuy Verified TransferWise Accounts From Seosmmearth
Buy Verified TransferWise Accounts From Seosmmearth
 
BeMetals Investor Presentation_May 3, 2024.pdf
BeMetals Investor Presentation_May 3, 2024.pdfBeMetals Investor Presentation_May 3, 2024.pdf
BeMetals Investor Presentation_May 3, 2024.pdf
 
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
 
Rice Manufacturers in India | Shree Krishna Exports
Rice Manufacturers in India | Shree Krishna ExportsRice Manufacturers in India | Shree Krishna Exports
Rice Manufacturers in India | Shree Krishna Exports
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdf
 
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
Escorts in Nungambakkam Phone 8250092165 Enjoy 24/7 Escort Service Enjoy Your...
 
Cracking the 'Career Pathing' Slideshare
Cracking the 'Career Pathing' SlideshareCracking the 'Career Pathing' Slideshare
Cracking the 'Career Pathing' Slideshare
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptx
 
Phases of Negotiation .pptx
 Phases of Negotiation .pptx Phases of Negotiation .pptx
Phases of Negotiation .pptx
 
Over the Top (OTT) Market Size & Growth Outlook 2024-2030
Over the Top (OTT) Market Size & Growth Outlook 2024-2030Over the Top (OTT) Market Size & Growth Outlook 2024-2030
Over the Top (OTT) Market Size & Growth Outlook 2024-2030
 
New 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateNew 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck Template
 

How Improvement Initiatives That Saved Money..pdf

  • 1. How Improvement Initiatives That Saved Money. Improvement initiatives can help organizations save money in various ways. Here are some common examples: Process optimization: By analyzing existing processes and identifying areas for improvement, organizations can eliminate wasteful activities, reduce errors, and streamline operations. This can lead to cost savings through increased efficiency and productivity. Supply chain optimization: Optimizing the supply chain can reduce costs by improving inventory management, reducing lead times, and negotiating better prices with suppliers. Energy efficiency: Implementing energy-efficient technologies and practices can help reduce energy consumption and associated costs. Automation: Automating repetitive and time-consuming tasks can improve productivity and reduce labor costs.
  • 2. Employee engagement: Engaging employees in improvement initiatives can lead to increased morale, reduced turnover, and improved productivity. Waste reduction: Implementing waste reduction programs can reduce material and disposal costs while also promoting sustainability. IT optimization: By optimizing IT systems and infrastructure, organizations can reduce hardware and software costs while improving system reliability and security. Improvement initiatives can provide significant cost savings for organizations. However, it's important to carefully plan and choose ERP Company Bahrain to ensure that they deliver measurable results and that they align with the organization's strategic goals.