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Will You Add? - Cost Reduction - Get Extra 10-20% Profit
For centuries the four poster bed has been considered the ultimate dream, for practical, status or for romantic reasons. This still seems to be the case today, although wood and plastics are being used to make four poster beds as well as the traditional solid woods.As a business devoted to customer satisfaction, we would like to give our clients the designs that they want, and not make what we want, and expect or hope that they like them, or not as the case may be.The best thing that product manufacturers can have from customers is feedback. It has become clear to me that negative feedback can be as useful, if not more so than positive. Constructive criticism a
(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
Payroll software is a tool to manage all the accounting needs of companies, small businesses, multinational corporations, non-profit organizations, and other institutions. It is the easiest way to calculate timely and accurate processing of employee salaries, bonuses, tax withholdings, wages, and tax deductions. Payroll software is also the best choice to keep track of weekly, monthly, quarterly, and annual pay checks and payroll tax-related forms. Some payroll software makes use of the existing applications or can be customized into your available environment. Common benefits of payroll software are its reliability, flexibility, savings, ease of use, and convenience.A
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 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 o
Isn’t it always interesting to hear somebody say “yeah, we tried that, didn’t work…”When it was tried; what were the conditions surrounding the business? How was it implemented? How were staff trained? Most questions are never answered with any clarity and real understanding. No real analysis of the changes failure or success was ever done. Meaning that an opportunity to learn was lost.We all learn by our experiences, from walking to riding bicycles, trial and error and a few bruises and scrapes. We take actions and observe the results. What would we think if we made a decision and never saw the consequence of it? This could be the case if the results are far ou
(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 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
You can have the best products, the plushest offices, the best location, but unless you are a ‘customer focused’ business, all of this counts for nothing, you will never really hit the heights you deserve.So what can you do to build a business which focuses outwardly on the customer, and not inwardly on the business?Build Passion and CommitmentThe first building block is passion and commitment. This is the very foundation stone of a customer focused business. Without passion and commitment the structure you will build above will be weak and prone to collapse at the first sign of stress.The passion and commitment has to come from you and your
(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 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
When you enter your office space, are you overwhelmed with the amount of papers stacked on the desk, chairs, and floor? Even in this age of computers and electronics, the quantity of paper that we are printing, receiving and filing has grown substantially. Add to that the mail that we receive daily that needs to be acted upon or filed. Is there a way to take back control of our piles and files?You bet! A paper/workflow system needs to be developed to accommodate the information that you must keep. Everyone will create a different method that supports their personal strengths and makes it easy for them to find what they need.Several different options are availabl
(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
To think of riches, when one is in the condition of poverty or lack, requires sustained and concentrated thought; but he who practices this disciplined thinking inevitably becomes rich, and he can have whatever he wants.~Joseph MurphyHow do you seize courage when your whole world is collapsing around you?You do it by picturing the opposite.You ignore what is before you and you focus on what is within you.When you create a dream, you must nourish it. This nourishing has to happen in good times and in bad times.Rather than suspend your belief, suspend the value you place on what you see before you. If for example, you dream of making money in
(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.
1. Maximising Productivity.
(a) Production per unit machine capacity: Adequate engineering and maintenance practices will maximise the productivity per unit of machine capacity used. Relating the production schedule with the production capacity will help in planning
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