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