Cost Reduction Analysis: Tools and Strategies (Wiley by Steven M. Bragg

By Steven M. Bragg

Discover the instruments for realizing the prices your organization should still reduce, with no impacting its skill to bring items and services

New from Steve Bragg, this ebook presents the instruments for opting for which expenditures an organization should still minimize, with out impacting its skill to carry items and companies. It explains the right way to use throughput research on the way to find bottleneck operations in an organization, which in flip dictates the place capital investments should still (and usually are not) be made.

  • Delves into method research, to figure out the place extra assets are getting used in a company process
  • Describes the complete price of possession, exhibiting how a unmarried paying for choice really snowballs right into a number of ancillary costs
  • Shows find out how to create and use a spend administration method to lessen procurement costs
  • Shows how just-in-time structures can be utilized to do away with stock costs

Cost aid research: instruments and Strategies presents examples to teach how a lot rate can almost certainly be eradicated to prevent drastic motion later which may imperil your corporation's path and future.

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Extra info for Cost Reduction Analysis: Tools and Strategies (Wiley Corporate F&A)

Sample text

A company’s products may sell better in some territories than others (such as blankets selling better in arctic regions than tropical ones), while the sales manager may be investing in a new territory, which requires some time to ramp up before it can aspire to the profitability of more established locations. Another key factor is the ability of the sales staff assigned to each territory to produce sales. 3. The report centers on three results for each sales territory: sales, throughput, and net profits.

Finally, there is an obvious pay raise at year-end that appears in the operating expenses line, which is easily offset by increasing profitability within the territory. In short, the report reveals a territory whose salesperson’s performance is steadily improving over time. Dropped Customer Analysis It is useful to have a report that identifies key customers who may be dropping the company. By identifying these customers as early as possible, the sales department can initiate contacts to determine why the customers apparently are switching their purchases elsewhere, and preferably before they are locked in to the products or services of a new supplier.

A better approach is first to streamline a process and then to introduce automation once the process appears to be working well, with no other significant cost reductions likely. Install a feedback loop. Even the best-designed process will generate errors occasionally, so include an error-reporting system in the process, along with a feedback loop that routes this information to the appropriate person for action. Once a process has been fully redesigned, it is possible that the people performing it are no longer qualified to do so; their jobs may now require more skills than they have.

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