Archive for the '4. Improving Efficiency' Category
Introduction – Improving Efficiency
In any business you want to make sure that the efforts you are putting in are worthwhile, achieving the maximum return for the effort applied. However, many businesses are guilty of spending just 20% of there time on things that actually deliver effectiveness.
Have a Plan
Take time to sit down and evaluate where you are, where you want to get to and what you are going to do to get there. During the process try and establish firm goals for your business such as; increase customer base by 10% or cut costs by 20%.
Automate Processes
With modern technology there are many ways that businesses can improve efficiency through automation of standard processes. Some processes are more complex than others but by sitting down and thrashing out what is involved in each series of processes, and the standard elements of them, it is often possible to automate parts or all of the process.
Stock Management
If your business deals with the sale or distribution of physical products then implementation of a good stock management system can be a great way to manage stock more efficiently. Most stock management systems offer organisations a structured method of accounting for all the incoming and outgoing stock within their facilities.
Time Management
If your organisation sells a service rather than a product, chances are that you are already using some form of time management package to track time spent servicing clients. If not, then you really should have!