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tell me the best way to minimize the cost of a company?
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Answer Posted / 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 |
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