D2 Productivity and Operating Cost

Improve Productivity and Reduce Operating Costs

This catalogue takes you through elements to improve the operating cost and productivity of your business. Improvement here goes straight to profit. All businesses have a production or operations element. With this element learn how the goods and services the business markets are managed. Is your business struggling with its profit? Could productivity be improved? Is your Revenue increasing but the Profit is stagnant or decreasing? Not sure where to start? 12Faces has a host of helpful ideas. Work with us, work out where the problem is in your business. Use the data analysis tool to understand what areas to focus on. Get to your goal of increasing your Profit. Contact us now to start on the path of improvement and Sustainable Business Success – reception@12faces.business

10AprApril 10, 2023

Cost of Over and Under Stocking

In a manufacturing or retail environment, having too much inventory of products your customers don't want and/or too little inventory on hand of what products your customers do want will cost you money and, consequently, profit. Many service businesses also have inventory even if it is items like stationary incidental...

By Scott WilliamsD2.1 Inventory Management Efficiency, G3: Optimizing a Business for GrowthCost Cutting, Inventory, Inventory Management and Work in Progress, Inventory Management Tools, Optimizing, Yellow Belt1 Comment

22JulJuly 22, 2021

Efficiency of Labour

The efficiency of labour and therefore the costs of labour, in your production cycle, may be due to two factors. Wage Increases Have your salaries to casual staff increased between time periods? Yes: Have you passed this cost along to your customers as an increase in price to compensate? It will take a while for...

By Scott WilliamsD2 Productivity and Operating CostHow to Manage Outsourcing0 Comments

08JulJuly 8, 2019

Dice Games Simulate Profit Game

READY TO PLAY A GAME? SIMULATE YOUR PROFIT GAINS. Throughout 12Faces we talk about several different Workflow and Inventory Models. The Simulation Dice Game will quickly give you an impression of HOW these models work in practice. Think that YOUR business doesn't have a Production Line? That this doesn't apply to YOUR business? Restaurant...

By Scott WilliamsD2 Productivity and Operating CostInventory, Inventory Management Tools, Products, Profit, Sample Content0 Comments

23JunJune 23, 2017

Inventory Re-order Management for Profit and Productivity

A good Inventory Management System can dramatically improve the profitability of the business by streamlining production. This applies to not only a manufacturing business but any business that has a workflow process.

By Scott WilliamsD2.1 Inventory Management EfficiencyInventory, Inventory Management and Work in Progress, Optimizing, Profit, Understanding Financial Statements: Management Accounting0 Comments

04SepSeptember 4, 2016

How to Tune Buffer Management

Buffers, used strategically, will enable you to "smooth" out the flow of work through your system. This is important to maximise production.

By Scott WilliamsD2 Productivity and Operating CostBlue Belt, Optimizing, Placeholder, Project Management System, Repetitive Work Efficiency, TOC0 Comments

04SepSeptember 4, 2016

How to Reduce Variable Costs for Better profit

Summary Especially in a manufacturing business, the variable cost of parts, resources and energy etc are likely to be a substantial part of your overall costs. This 12Faces Menu is a collection of distilled business wisdom relating to managing and reducing these costs. Variable costs are those that are directly tied to your level of production. If you produce more...

By Scott WilliamsD2 Productivity and Operating CostCash Flow Tools and Liquidity Management, Cost Cutting, Optimizing, Planning, Understanding Financial Statements: Management Accounting, Yellow Belt0 Comments

04SepSeptember 4, 2016

SM4.0 Business Efficiency: Waste Reduction Introduction

Eight Types of Waste The well-known Toyota car company identified seven types of waste that had an impact on Productivity and Profit. An eighth has been added more recently. By gradually reducing these wastes, you can improve the Productivity and Profit of your business. In Japanese, this is referred to as reducing "muda" (pronounced Moo-da). This article discusses how...

By Scott WilliamsBusiness Skills Modules, D2 Productivity and Operating CostCost Cutting, DP100, Inventory, Issue Management Planning, Optimizing, Productivity Improvement, Products, Toolkit, Waste, Waste Reduction in Business (Muda), Yellow Belt0 Comments

04SepSeptember 4, 2016

Importance of Small Batches Tool

There are merits to reducing the size of the batches you manufacture and/or hold in stock at any point in time. This might sound counter-intuitive because of the oft-quoted 'economies of scale' and the time cost of pulling down tool set-ups and changing them to manufacture another project. But, in...

By Scott WilliamsD2.1 Inventory Management EfficiencyCost Cutting, Inventory, Inventory Management and Work in Progress, Placeholder, Project Management System, Repetitive Work Efficiency, Toolkit, Yellow Belt0 Comments

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