Where has all the money gone? – you wouldn’t believe it

Don’t let this reference to red tape fool you. It is mission critical to understand the difference between vital process and red tape and it’s not always immediately obvious.
The key to cost cutting in any area is knowing what to cut. The word we are after is waste, but even that can be misleading. In the world of Lean everything outside of the critical value adding moment is deemed to be waste, but nobody imagines that you can eliminate most of it let alone all.

Fifteen common sense cost cutting ideas

With a forecast of rising inflation putting pressure on costs coupled with shrinking sales in certain industries, then many businesses will be paying extra attention to cost cutting opportunities. In this blog I have identified the top 15 generic opportunities for cost savings that can be applied either directly or in a modified state to almost any business.

Here is the top 15 initiatives to cut costs rapidly and significantly in almost any business