BCO Consultants | Saving Money

By: Bco Consultants  05/12/2011
Keywords: supply chain

In the current economic climate, every business should be looking at ways to conserve their cash and reduce the amount of money they spend.

The obvious way is through cost-cutting. This can achieved by various means: renegotiating supplier arrangements, reducing expenditure on non-essential items, introducing wage cuts and so on. While important, these cost reductions can only go so far before they start to affect the viability of the business for the future.

A more effective and successful method of saving money is to look at where it is currently being wasted or spent unnecessarily and eliminate this spending. This will involve a deeper analysis of your companies business processes to highlight areas to target.

Did you know that many businesses are wasting money because they do not follow simple processes when customers or employees leave the company? Failure to correctly close down accounts and terminate the provision of services can result in significant amounts of lost revenue and financial costs that the business must cover.

Businesses with a large volume of customer transactions are very likely to be paying higher financial and bank-related charges than they should, as a result of not fully understanding and managing the intricacies of their supply chain and fulfillment processes. Reducing the overall cost of providing each transaction is one of the most effective ways of increasing a companies' profit margin.

Keywords: supply chain

Other products and services from Bco Consultants


BCO Consultants | Services

We provide a range of consulting services that allow managers to overcome the operational challenges faced in daily business life and focus on more strategic planning and activities, providing more opportunity to increase revenues and drive the business forward. We use a range of industry-leading practices and tools specifically designed for improving operational perfomance, tailoring them to suit the needs of your own business circumstances.


BCO Consultants | Streamlining Your Business

Working closely with your staff members to plan and implement the necessary operational improvements will ensure that your business becomes more effective and that your staff get the experience necessary to make further improvements in the future. Our consultants enable clients to focus on their business goals by taking on the difficulties and complexities involved in streamlining existing business operations.


BCO Consultants | Customised Training Services

We are happy to be able to offer on-site customised training workshops for companies interested in bringing the principles and practical steps of Process Improvement and Project Management to their employees. This learning-by-doing approach is a very powerful method of training, in addition to being a successful mechanism for generation and evaluation of process improvement ideas.