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    Other Added - Cost Reduction Strategies

    Can a Service Be a Commodity
    Well Enron dealt with this a little for instance an intangible such as the available bandwidth in fiber optic lines. So what is a commodity in a service business? Well, a commodity could be considered are capacity to wash cars for a mobile car wash business like the compan
    ature of price .for span of twelve months prices would be high for some months and would be low for the balance month the plan is to buy maximum when the prices are low . by doing this you can save a lot .

    3.E-PROCUREMENT : With advent of internet and websites it is now possible to place tenders ,requirement on website online and get bidding , quotation online which enables buyer to reac

    Is Career Planning Important
    I’ve been around the workforce for quite a few years - 32 years in fact. I’m currently happily employed as a Principal Consultant : Occupational Health & Safety (OHS) in a major government department and often wonder how I came to be in this senior role. One thing I
    In today’s world when Corporate are struggling for profits and with fierce competition in the market, cost reductions, productivity enhancement and lean organizations have become today’s mantra s for survival.Folllowing are the key area where you can implement cost reduction methods with significant results.

    1. Raw material procurement:

    2. Logistics- Inbound and Outbound:

    3. Warehouse and Stores:

    4. Manufacturing Process (Production) :

    5.Energy, fuel & Water

    6.Information Management

    7. Finance

    8. Human Resources

    8. Sales & marketing

    FEW BASIC IDEAS PROCUREMENT

    IT CAN BE DIVIDED INTO TWO MAJOR GROUP

    A. PRODUCT

    B. SERVICES

    Raw material purchases constitute around 60-65% of the cost of product; hence any savings on this front would be significant for profit of the organization.

    1.BULK BUYING:

    A. The company which has units spread across the geography can negotiate better price when the volumes are high, instead of buying for individual units its recommended to have central buying policy.

    B. You can negotiate better price if you can put your entire annual consumptions to a vendor and ask him for annual rate contracts. You can then ask vendors for staggered deliveries at one or various ocation . Companies with larger geographical presence are best suited for such plan . You might have seen that they all have central purchase team . Bulk buying should be supported by bulk handling and storage system.

    2. OPPORTUNITY BUYING : All raw material have a cyclical nature of price .for span of twelve months prices would be high for some months and would be low for the balance month the plan is to buy maximum when the prices are low . by doing this you can save a lot .

    3.E-PROCUREMENT : With advent of internet and websites it is now possible to place tenders ,requirement on website online and get bidding , quotation online which enables buyer to reac

    Be Prepared for Marketing
    For most businesses, making a sale is all important. However, despite the amount of effort and attention given to getting sales, there is often no attention given to developing and effectively implementing a systematic marketing process. There are many things that can go
    Warehouse and Stores:

    4. Manufacturing Process (Production) :

    5.Energy, fuel & Water

    6.Information Management

    7. Finance

    8. Human Resources

    8. Sales & marketing

    FEW BASIC IDEAS PROCUREMENT

    IT CAN BE DIVIDED INTO TWO MAJOR GROUP

    A. PRODUCT

    B. SERVICES

    Raw material purchases constitute around 60-65% of the cost of product; hence any savings on this front would be significant for profit of the organization.

    1.BULK BUYING:

    A. The company which has units spread across the geography can negotiate better price when the volumes are high, instead of buying for individual units its recommended to have central buying policy.

    B. You can negotiate better price if you can put your entire annual consumptions to a vendor and ask him for annual rate contracts. You can then ask vendors for staggered deliveries at one or various ocation . Companies with larger geographical presence are best suited for such plan . You might have seen that they all have central purchase team . Bulk buying should be supported by bulk handling and storage system.

    2. OPPORTUNITY BUYING : All raw material have a cyclical nature of price .for span of twelve months prices would be high for some months and would be low for the balance month the plan is to buy maximum when the prices are low . by doing this you can save a lot .

    3.E-PROCUREMENT : With advent of internet and websites it is now possible to place tenders ,requirement on website online and get bidding , quotation online which enables buyer to reac

    Maximising Business Growth
    While there is no guaranteed route to business success there are key methodologies that you can apply to your business. These include key survival and success factors and building customer value. Let’s consider these aspects in greater detail.Survival & success fact
    ny savings on this front would be significant for profit of the organization.

    1.BULK BUYING:

    A. The company which has units spread across the geography can negotiate better price when the volumes are high, instead of buying for individual units its recommended to have central buying policy.

    B. You can negotiate better price if you can put your entire annual consumptions to a vendor and ask him for annual rate contracts. You can then ask vendors for staggered deliveries at one or various ocation . Companies with larger geographical presence are best suited for such plan . You might have seen that they all have central purchase team . Bulk buying should be supported by bulk handling and storage system.

    2. OPPORTUNITY BUYING : All raw material have a cyclical nature of price .for span of twelve months prices would be high for some months and would be low for the balance month the plan is to buy maximum when the prices are low . by doing this you can save a lot .

    3.E-PROCUREMENT : With advent of internet and websites it is now possible to place tenders ,requirement on website online and get bidding , quotation online which enables buyer to reac

    Will Your Business Survive Without You?
    I had a health scare in December.As it turns out, everything's perfectly okay. But the possibility of things not being okay really knocked me for a loop.For the first time ... ever ... I thought about what would happen to my business if I suddenly weren'
    vendor and ask him for annual rate contracts. You can then ask vendors for staggered deliveries at one or various ocation . Companies with larger geographical presence are best suited for such plan . You might have seen that they all have central purchase team . Bulk buying should be supported by bulk handling and storage system.

    2. OPPORTUNITY BUYING : All raw material have a cyclical nature of price .for span of twelve months prices would be high for some months and would be low for the balance month the plan is to buy maximum when the prices are low . by doing this you can save a lot .

    3.E-PROCUREMENT : With advent of internet and websites it is now possible to place tenders ,requirement on website online and get bidding , quotation online which enables buyer to reac

    Building Great Customer Experiences - Or Beware Consultants With No Clothes!
    It must be one my personal business nightmares, if you can imagine having just flown to New York to meet a new client and the airline has lost all your clothes! So what can one learn from such events about delivering great customer service experiences?The best la
    ature of price .for span of twelve months prices would be high for some months and would be low for the balance month the plan is to buy maximum when the prices are low . by doing this you can save a lot .

    3.E-PROCUREMENT : With advent of internet and websites it is now possible to place tenders ,requirement on website online and get bidding , quotation online which enables buyer to reach to wider base of vendors or suppliers .Which also enhances buyer negotiating space for price.This development has helped buyers to cut cost which otherwise would have been spent on conventional way of tenders.

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