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Reducing Costs in Your Business

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Reducing Costs in Your Business

  1. 1. Reducing Costsin your business25 April 2012
  2. 2. Welcome‘The price of inaction is far greaterthan the cost of making a mistake. ’Meister Eckhart 1305
  3. 3. It’s popularHave you been through a Cost Reduction programme inthe last 3 years? Yes No Dont Know Source Deloitte
  4. 4. Strategy vs Tactics “Imagination rules the world” Napoleon Bonaparte
  5. 5. Analysis andPlanning
  6. 6. Watch the Technology….
  7. 7. Chase the big numbers
  8. 8. Cut waste and inefficiency, notinvestment
  9. 9. Techniques for Cutting Waste & Inefficiency Six Sigma Continuous Improvement Kaizen Just in Time Statistical Process Control Total Quality Management Business Process Re-Engineering Trillium ISO 9000
  10. 10. Involve your Employees Analysis and Planning
  11. 11. ?
  12. 12. Employmentlaw – stay out ofcourt
  13. 13. Managing Suppliers• Search the globe• Re-negotiate
  14. 14. Stop doing things
  15. 15. This doesn’t work…
  16. 16. But I’m in ahurry…..
  17. 17. What we plantin the soil ofcontemplation,we shall reapin the harvestof action.Meister Eckhart 1307
  18. 18. Recap and Process •Review Strategy •Analyse and plan •Watch the Technology •Chase the big numbers •Cut waste and inefficiency, not investment •Involve employees •Stay out of court •Manage Suppliers •Stop doing things •Make it a way of life
  19. 19. Conclusion•Do Less•Do what remains more efficiently•Pay less for what you buy

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