As with every business cycle, we are now in a time of escalting costs due to energy and gasoline price explosions. One strategy to combat this pressure is to closely reexamine all of your organization's spending habits. The goal here is not to indiscriminately cut costs; the goal is to uncover opportunities where better bidding, negotiating or controls can return something to the bottom line.
The goal is to search for options where revised operating workflows might make sense to reign in spiraling costs.
In our first book, Positioning Success, we took three paths to accomplish this deep dive analysis. The first section reviewed an organization's structure--looking to identify all workflows to look for process jam ups. It also developed process times for all tasks, and assigned costs to those processes.
The second section examined one of an organization's biggest assets, it's people, to determine if the right number of people were being paid the right amount of money for the right amount of work to meet the right goals and performance metrics.
Strategies for deep diving cost were developed in the third section, including information on corners where unnecessary costs could hide. The book wraps up with a 161-point Action Plan organizaed by section and subsection, to give you the questions and process to get your organization on the road to success.
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