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tell me the best way to minimize the cost of a company?
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Answer / pravin kamble
To minimize the cost of company, just follow the Japanies
technique - i.e. "5 S"
1)Sort , 2) Set in order, 3)Shine, 4)Stabilise & 5) Sustain
it.
1) Sort - sort out the area where you spend more money
2) Set in order - once you find the area where you are
spending more money there you can prioritise your expenses
& find out the expenses which you can avoide or reduse till
the bottom end.
3) Shine - Once you find the reason(Sort) & solution (Set
in order) you must communicate it to other / concern
persons about your changed policy.
4) Stabilise - Once you prepared your policy slowy try to
get implemented among the peoples & keep it continuying, so
at the first month you won't get the better result, but
after few month you can realise the increase of profit,
because any new policy will take some time to get stabilise.
5) Sustain - Once all the peoples started applying the
rulles as per the policy, do not allow them to break it,
sustain it.
This is the way Japan had recovered his financila postion
after the second world war (Nuclear bombing from America).
Please revert back to me on pravin.kamble425@gmail.com if
you find I am wrong somewhere.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / naveen lonka
the best way to minimize the cost is identify the wastage
and anlyase it and re use it.
mfg according to the orders
regoures plan to product
multimenthods
maximum usage -reusage for other pro-mfg
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / dharmesh sati
the besat way to minimize the cost is
1. Strong MIS so you can get profibility on day to day basis
2. Maximum utilization of Man power
3. Reduce overtime work
4. Maximum utilization of Machinary
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / v.sreenivasulu
The best way to minimise the cost of the company :-
1. Through strong MIS.
2. Maximum utilization of resources.
3. Increase the productivity of employees.
4. Minimising the wastages
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / monu aggarwal b.com accountant
The best ways are given below ;
1.minimising the storage expences of Raw N Finish
materials.
2.make most use of labour N machine.
3.Save the power N Paper.
4.Control the rejections N wastage.
5.make new research for low costing.
6.Control the office expences.
7.make balance between transport expences.
| Is This Answer Correct ? | 0 Yes | 0 No |
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