Dear All,
The areas where we can put cost cutting.
Regards,
Dev
From India, New Delhi
I am working i manufactring unit where we have more than 50% export business and we have also impact of financial crisis as entire world is facing it therfore i want to draw the attention of all emplyees to cut cost in possible areas. i have mentioned certain areas and wish your suggestions before sending this message across company.This will be the message for all emplyees
As we all are aware that entire world is facing financial crisis and we cannot escape our self from this wave as employee particular and KEL in general. We have attempted to draw the attention of all of us where we can proactively put cost cutting so that the impact of recession can be marginally avoided. The areas where we can put cost cutting.
- Usage of Stationery
- Usage of Xerox machine
- Control on usage of Electricity- Make habit to switch off AC and computer once you leave your seat.
- Control on Wasting of food-Canteen
- Usage of water
- Usage of mobiles phones as well as landline facility
- Conveyance-Traveling (Use shuttle in stead of hiring special auto where it is possible
- Transportation – by reducing the frequency of tempo and loading rickshaw
- Saving in raw material cost by size, by type by grade
- Reduction in frequency of visits at suppliers/vendors end (For QC and purchase team)
- Reduction in sub contacting of the parts and effective utilization of internal resources
Regards,
Dev
From India, New Delhi
151. Employees should be offered cutting Tea to reduce budget,
2. Employee should reimbursed public transport and encourage use public transport.
3. Employees should consume their leaves, no encashment for next 12 months or accumulations.
4. Employees should be encourage to eat onetime meal at home in evening no free lunch/meal or subsidies lunch.
5. Employee should be asked to bring overnight remaining pale food stuff to be fried and served as breakfast in office.
6. Employee not to use intercom but communicate with gesture to reduce physical exertions.
7. Employee should encourage keeping fast three days in week.
8. Employee must be encouraged to go to bed early to save electricity.
9. No use of Air-condition/fan in the office, use hand driven fans instead
10. Office should be shifted to open space for free natural light and air its good for health.
11. No telephone communication, only use chatting for outdoor communication.
12. No peons allowed every employee shall manage his files and movement of files her/himself.
13. Executives shall not be eligible for formal attire, instead of coat and suit they should be given raincoats.
14. Staff Employee should wear half uniform- Shorts and Barbuda etc.
From Saudi Arabia
1. Employees should be offered cutting Tea to reduce budget,
2. Employee should reimbursed public transport and encourage use public transport.
3. Employees should consume their leaves, no encashment for next 12 months or accumulations.
4. Employees should be encourage to eat onetime meal at home in evening no free lunch/meal or subsidies lunch.
5. Employee should be asked to bring overnight remaining pale food stuff to be fried and served as breakfast in office.
6. Employee not to use intercom but communicate with gesture to reduce physical exertions.
7. Employee should encourage keeping fast three days in week.
8. Employee must be encouraged to go to bed early to save electricity.
9. No use of Air-condition/fan in the office, use hand driven fans instead
10. Office should be shifted to open space for free natural light and air its good for health.
11. No telephone communication, only use chatting for outdoor communication.
12. No peons allowed every employee shall manage his files and movement of files her/himself.
13. Executives shall not be eligible for formal attire, instead of coat and suit they should be given raincoats.
14. Staff Employee should wear half uniform- Shorts and Barbuda etc.
15.
From Saudi Arabia
Dear Mr. Dev
last three intervention u thinked for cost cutting i am not agreed from them because ur making some compromise with quality. While all other options are acceptable for this u have to display banners and slogans at ur place which introbuces some change in behaviour of ppl working.
Thanks
From India, Badlapur
last three intervention u thinked for cost cutting i am not agreed from them because ur making some compromise with quality. While all other options are acceptable for this u have to display banners and slogans at ur place which introbuces some change in behaviour of ppl working.
Thanks
From India, Badlapur
Dear BADLOOSER, Is there anything left in your brain? what an ideal suggestion!!!!! I think u r the one who is badly stricken by the world economic crisis so far. Get well soon....
From India, Mumbai
From India, Mumbai
Dear Mahendra
Let me share the thoughts of One of the Director's of my earlier company. He says cost cutting does not mean that cutting down the salaries of Office boys / admin assistants and doing silly things
He says Cost cutting initiative should start from the top level reducing the no. of air travels, encouraging Video Conferences, Allowances like providing Cars to Director's and their maintenance and other activities which incur much expenditure
The initiatives you have given would help the cause in a manner, but look at the costs at top level
Invite thoughts from other members too
Regards
kumar
From India, Hyderabad
Let me share the thoughts of One of the Director's of my earlier company. He says cost cutting does not mean that cutting down the salaries of Office boys / admin assistants and doing silly things
He says Cost cutting initiative should start from the top level reducing the no. of air travels, encouraging Video Conferences, Allowances like providing Cars to Director's and their maintenance and other activities which incur much expenditure
The initiatives you have given would help the cause in a manner, but look at the costs at top level
Invite thoughts from other members too
Regards
kumar
From India, Hyderabad
I agree with Mr Kumar as i also feel that if one air travel is avoided one office boy can be paid for a month.Simillarly regular maintainence of machineries will reduce cost of replacement of parts.
cost cutting can be done by several methods.As i am in a broking house:-
1- use one monitor only by RM's ,like 1 P>C for 4 people tto update the portfolio.
2 - Switch off the system when not in use.
3 - divide the zone and one people for one zone so that conveyance is saved.
4- Keep the branches on chat to reduce the STD call.
5- Use both side of paper to reduce stationary cost.
Regards,
Suruchi
From India, Delhi
1- use one monitor only by RM's ,like 1 P>C for 4 people tto update the portfolio.
2 - Switch off the system when not in use.
3 - divide the zone and one people for one zone so that conveyance is saved.
4- Keep the branches on chat to reduce the STD call.
5- Use both side of paper to reduce stationary cost.
Regards,
Suruchi
From India, Delhi
Hi Dev
What Mr.Vinod Bidwaik told is absolutely right,Just the above things won't solve your problem, Try to convey the sign boards for some days and later on just put an 1/2 an hour or 1 hour extra work every day. So that you can give your all the above things and raise the production.
If not, cut short, the out sourced jobs and distribute the same job on 2 to 3 three associates so that in this manner also you can reduce the cost.
Hope so it may help you.
Regards
D Bhanu Prakash
From India, Hyderabad
What Mr.Vinod Bidwaik told is absolutely right,Just the above things won't solve your problem, Try to convey the sign boards for some days and later on just put an 1/2 an hour or 1 hour extra work every day. So that you can give your all the above things and raise the production.
If not, cut short, the out sourced jobs and distribute the same job on 2 to 3 three associates so that in this manner also you can reduce the cost.
Hope so it may help you.
Regards
D Bhanu Prakash
From India, Hyderabad
Dear Mr.Mahendrabhani,
The major cost reduction in an organization comes "when things are done right first time, every time". The consequences of not doing so, costs an organization dearly.This is the "Cost Of Poor Quality ("COPQ").
Pl see attachment.
Besides the areas which are covered in this thread, you must seriously consider reducing COPQ.
I have introduced this system in a few organizations and their savings are considerable.
From India, Madras
The major cost reduction in an organization comes "when things are done right first time, every time". The consequences of not doing so, costs an organization dearly.This is the "Cost Of Poor Quality ("COPQ").
Pl see attachment.
Besides the areas which are covered in this thread, you must seriously consider reducing COPQ.
I have introduced this system in a few organizations and their savings are considerable.
From India, Madras
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