Improving Productivity and Profits

Improving Productivity and Profits without investment

Owners of businesses, do neither have time to do all this nor do they have a fair idea of how much they can benefit from it. It is indeed possible to achieve the following:

- Increase in productivity
- Improved on time performance
- Reduction in lead time
- Reduction in material inventory & dead stock
- Improved quality of product and people
- Positive working environment
- Systems in place
- Improved reach to domestic & international customers
- Focused approach to markets – reduction in sales expenses
- Happy customers – Happy employees and hence, Happy owner!

Some of the measurable results that can be expected are:

- 100% Increased Productivity
- 50% Reduction in Lead Time
- 100% achievement in on-time Deliveries
- 30-40% Reduction in Inventories
- 50-60% Reduction in Rework and Rejections
- 40% Reduced Breakdowns
- 40% Space Optimized
- 40-50% Manpower Optimization

(Note: The above figures are given as an example. The actual results may vary depending on industry to industry, as the issues in each case are different & unique)

Many businesses are these days appointing a business solutions advisor who can be a professional who can interact freely with the owner & get things done to make the organization ready for the next level of rapid growth.

May I end this article with a nice thought that one of my friend shared with me recently -

" Breaking your old habits will always increase your choices & opportunities in life ...be it personal or professional"


© Nitin Kirloskar