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Cutting costs: maximizing results

Updated: Dec 13, 2019

Generally, the quickest and most effective method of increasing revenue is cutting costs. The task of examining where savings can be made can be fruitful and sustainable if done correctly, for example in production a small saving in process time, materials used & resource can boost profits significantly. Automation or preparation of routine tasks can save a lot of time, money, and resource, all too often tasks that should be automated are overlooked as being too simple to be automated and therefore have no cost or time saving benefits at all. It is a combination of simple tasks, when automated that create the biggest and most efficient cost saving overall.

The Collaboration of ideas and workflow, rather than 5 different versions for the same project what about 5 different inputs to the same project. The difference in ideas(collaboratively) and the time saving is astounding, we take for granted the ability to work as a team and in some cases miss the point of teamwork when ideas and brainstorming kicks in to produce a polished project or piece of work.

#costefficiency #returns

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