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Atricle Dump - Cost Reduction - Get Extra 10-20% Profit
It takes courage to examine what we are doing and where we are going. But if we honestly stop and think about it and then pull out of those non-productive activities and rectify those poor decisions we have made in the past, we will never look back.While we are on the topic of successful thinking, I would be remiss if I didn't mention Carlson's "back burner thinking." Richard Carlson, Ph.D., stress psychologist and writer of Don't Sweat the Small Stuff … and It's All Small Stuff, describes my favorite way of solving problems and finding solutions. When we have a project, problem and/or challenge, we should state it to ourselves with all of the diff
(c) Product Waste: Defective products, second quality products, damaged prod
These moments come when a customer or client…1. Hears someone else praise you or your work.2. Likes your physical presentation (appearance, voice, and smile).3. Is touched intellectually and emotionally by what you say.4. Recognizes you as a model of who or what the person would like to become.5. Hears that you care.6. Thinks he/she will be challenged and get what he/she needs from you.7. Knows that your fee is above their budget and feels you’re worth it.8. Experiences that you are consistently excellent technically.9. Is sure that his/her success and well-being are your priority.10. Is able to rea
The single most important factor contributing to costs is wastage. Eliminating waste can by itself cut costs from 10 to 20%. The main areas of waste are:
(a) Input Waste: Substandard quality rawmaterials and other inputs while appearing cheaper work out to be very costly in the long run. They affect the end-product's quality directly. Indirectly they cause frequent damages to men and machinery and add to maintenance costs. Frequent purchase returns, consequent alternate sourcing, resulting delay in production, involve additional costs. A system to screen all inputs for quality compliance is a must in addition to a good quality policy with reference to all inputs.
(b) Process Waste: While converting the rawmaterials into finished products wastage is very common in all industries. Providing for process waste is taken for granted. While a certain amount of waste is inevitable in the process there is always the possibility to minimise waste. How much is subject to the type of processing and specific to the industry. Avoidable waste will include improper storage and handling, inputing excess quanitties of rawmaterials, interrupted process flows, avoidable movement of materials, mix up among works in process at various stages etc. The resident time of materials inside the processing area may also matter.
(c) Product Waste: Defective products, second quality products, damaged produ
What are you interested in? We all have a passion for something. So, what is your passion?Are you actively seeking information about your passion? Knowledge, providing it is correct knowledge, will increase your power.In this century there is an increasing demand for experts in so many fields. Everything is becoming more and more specialized.Let me give you an example. At the turn of the 19th Century, all you needed to do to be an Accountant was to be good with numbers and undertake some training with other accountants. Later, formal qualifications were required. It consisted of a special course called a Diploma where up to a dozen specific subjects had t
(b) Process Waste: While converting the rawmaterials into finished products wastage is very common in all industries. Providing for process waste is taken for granted. While a certain amount of waste is inevitable in the process there is always the possibility to minimise waste. How much is subject to the type of processing and specific to the industry. Avoidable waste will include improper storage and handling, inputing excess quanitties of rawmaterials, interrupted process flows, avoidable movement of materials, mix up among works in process at various stages etc. The resident time of materials inside the processing area may also matter.
(c) Product Waste: Defective products, second quality products, damaged prod
If you’re considering teaching ESL in South Korea, there are a few things that you should know before making your decision. It’s sometimes difficult to get accurate information. I will sum up some of the most important points for you hear. Then, when you decide to go to Korea, you’ll be confident in your decision.1. You don’t need a TESOL CertificateThere are a lot of sites on the Net and businesses out there that will try to convince you to take a course to get certified to teach English as a Second Language. To clear up the misconceptions, you don’t need it! All you need to qualify to teach in South Korea is a 4-year degree (BA, BS etc…)So, save yo
(b) Process Waste: While converting the rawmaterials into finished products wastage is very common in all industries. Providing for process waste is taken for granted. While a certain amount of waste is inevitable in the process there is always the possibility to minimise waste. How much is subject to the type of processing and specific to the industry. Avoidable waste will include improper storage and handling, inputing excess quanitties of rawmaterials, interrupted process flows, avoidable movement of materials, mix up among works in process at various stages etc. The resident time of materials inside the processing area may also matter.
(c) Product Waste: Defective products, second quality products, damaged prod
If you are considering a job in customer service then perhaps you should go to work as an intern for a Concierge Company or at the Concierge Desk at a 5-Star Hotel and Resort. Why? Well because this truly epitomizes customer service.There are many companies, which have worked to emulate this sort of level of service. We see it at restaurants, golf course, American Express and so many other corporations in America these days. Sometimes at Starbucks you feel a little bit of that level of legendary service.But why do these companies go out of their way to provide such services? Well simple really, because it works in bringing your customers back over and over again
(c) Product Waste: Defective products, second quality products, damaged prod
How would you like to see your Service Department? As a necessary but problematic resource drain or as a resource that provides a positive and healthy ROI? We think most executives would prefer the second option. In this article, we make the case that a centrally positioned service department can act as a catalyst across many other functions to improve the efficiency of your company’s product development lifecycle, while improving your profit margin as your product moves into the marketplace.By following these six steps, we show you how you can turn your service function into a more profitable resource that achieves your corporate objectives. Although the steps can be
(c) Product Waste: Defective products, second quality products, damaged products come under this category. Minimising or rather avoiding seconds production by implementing an optimum quality system should be given first priority since the cost of making a second grade product equals that for a good one. Interchanging of components to get good ones from out of a lot of seconds may be a choice. Damage or deterioration due to improper storage is another common cause for wastage of finished product. Coordination of order position with production schedule so as to minimise finished product inventory would be advised here.
(d) Logistics Waste: This is another common waste taken for granted. Merely insuring the product for transit risks and damage may not be advisable. It will only recover the cost at a later date. There will also be another cost for resending the product to the intended destination. The customer will not be served on time and will create doubt on the reliability of supplies. Proper packaging for transport as well as storage in shelves of sales points is to be carefully planned without increasing the cost of packaging. Outsourcing logistics services with assurances of safe and timely deliveries will eliminate such wastes
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