7 Means of Trimming Waste and Fat in Your Company
Guest Blog Post by Hank Moore 2/1/12
1. Core Operations. Reflect carefully upon what business you are really in. Sell obsolete inventory. Determine which equipment is worth keeping, repairing, updating or replacing. Re-tool obsolete production processes.
2. Administration. Determine what can be automated, outsourced or dispensed with. Make judicious cuts at all levels. Determine who pulls their weight. Cut those who do not respond to retraining or perform according to the new organizational approach. Commit to an ongoing Re-engineering program, in concert with and directed by a Visioning program.