Reducing Costs in your business

25 April 2012

Welcome

‘The price of inaction is far greater than the cost of making a mistake. ’

Meister Eckhart 1305

It’s popular

Have you been through a Cost Reduction programme in the last 3 years?

Source Deloitte

YesNoDon't Know

Strategy vs Tactics

“Imagination rules the world” Napoleon Bonaparte

Analysis and Planning

Watch the Technology….

Chase the big numbers

Cut waste and inefficiency, not investment

Techniques for Cutting Waste & Inefficiency

Continuous Improvement

Total Quality Management

Kaizen

Six Sigma

Statistical Process Control

Business Process Re-Engineering

ISO 9000

Just in Time

Trillium

Analysis and Planning

Involve your Employees

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Employment law – stay out of court

Managing Suppliers

• Search the globe• Re-negotiate

Stop doing things

This doesn’t work…

But I’m in a hurry…..

What we plant in the soil of contemplation, we shall reap in the harvest of action.

Meister Eckhart 1307

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

Conclusion

•Do Less•Do what remains more efficiently•Pay less for what you buy