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Topic: cost reduction

Plummeting Costs and Rising Profits: The Picture for SMEs

Cost-cutting in business goes hand in hand with saving money and turning a higher profit. However, it does not need to be something backhanded or feared as the term might imply. In reality, cost-cutting in business does not need to be all that dissimilar to what would be done in a home. Let us explore […] ... Read More

  March 8, 2018     

Cutting Costs on Your Cost of Goods

No matter what good a company is producing, the cost of the materials needed to produce that product directly impact profits. Cost of goods sold, otherwise known as COGS, is simply the costs of the products produced and sold, or purchased and sold again by a company. The cost of goods can include the cost […] ... Read More

  February 26, 2018     

How Small Businesses Can Cut Costs

Small businesses often struggle to manage the costs of running a small business, often operating on a minuscule budget. However, there are in fact many small but effective changes that managers can make to cut operating costs dramatically. From managing utility bills to rethinking freebies offered in the lunch room, this articles summarises a few [ ... Read More

  February 13, 2018     

World Wide Web Wednesday #17

Whether you need some lunch time reads or something to get you past hump day, we’ve curated five links you’ll enjoy! Oracle’s founder challenges Amazon and other competitors to a battle in the Cloud In a recent meeting with financial analysts, Larry Ellison, founder and long-time CEO of Oracle shared his perspectives on why Oracle’s [&h ... Read More

  December 20, 2017     

The benefits of lean manufacturing for the food and beverage industry

Lean manufacturing and Total Quality Management (TQM) first came about through the work of Henry Ford, followed by Toyota in Japan. They set about to decrease ‘Muda’, a term given to everything in a process that is unnecessary, time-wasting and that results in a loss of profitability. Since their pioneering work to implement TQM and lean proces ... Read More

  October 25, 2016