Reducing Disguised Costs in Your Business

Reducing Disguised Costs in Your Business

posted in: Services | 9

Businesses that have just started or have been operating since a long time have one goal that is never checked off the sheets: reduce cost of doing business. Whether you’re in the manufacturing or merchandising industry, you will always want to deliver bearing the least possible costs.

Who do you blame?

Which department’s budget do you curtail?

How do you get started?

Where do you even begin?

These and more questions boggle business owners and finance managers. With growing competition from globalisation, assimilation of technology and specialised industries, companies are under pressure to deliver innovative services at the lowest costs. Not all businesses are simple, and if you have several departments each with a large team, it becomes a gargantuan task to identify excess expenses.

Identifying the Unnecessary Expenses:

As management consultants, we have more than ten years of experience of working with companies who have all wanted to achieve cost efficiency.

From our experience, we have learnt that the most common cause of high cost is duplication of work.

If you think that it is obvious to spot costs through repetitive work, you are in for a surprise. The most common repetitions occur because you have asked for them.

Sometimes, your employees repeat tasks according to policy without really adding value to it after the first time. Such examples are abundant in quality control procedures, checks, and balances.

One sheet that is reviewed by the assistant is then signed by the manager and then again by the department head before it can be acted upon. While the policy is in place to ensure that there are minimal errors, the ground reality is quite different. What one person misses, the other one misses as well since he is consoled by the idea that the sheet has already been reviewed. Each person in the hierarchy assumes that the person under him would already have checked the document for errors. What started as a quality control procedure is now nothing but an empty execution of a policy which is adding excessive cost to the company.

Time is money. The more your employees waste time duplicating work and repeating tasks, the more you lose. Those precious hours can be spent productively on achieving important organisational goals.

This is just one rung of the ladder. Businesses incur such costs without really realising it. Our experienced and highly qualified management consultants would love to help you identify these costs and weed them out. If you would like to discuss your business, you can send a message through the Contact Us page or drop an e-mail to

9 Responses

  1. I do enjoy the manner in which you have framed this matter plus it really does give me some fodder for thought. On the other hand, through everything that I have witnessed, I simply trust as the comments stack on that individuals stay on issue and in no way get started upon a soap box regarding some other news du jour. Anyway, thank you for this outstanding piece and though I do not really agree with this in totality, I regard your viewpoint.
    jordan 11 concord low for women

  2. I appreciate your wp design, exactly where did you obtain it through?
    Nike Air Max Tn Homme Vert Noir France

  3. I do like the manner in which you have framed this specific matter plus it does indeed give me a lot of fodder for thought. On the other hand, coming from what precisely I have personally seen, I simply just trust as the actual commentary pack on that folks keep on issue and don’t embark upon a tirade associated with the news du jour. All the same, thank you for this fantastic point and while I can not necessarily concur with the idea in totality, I value your point of view.
    michael kors hamilton studded quilted tote

  4. Hi! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good results. If you know of any please share. Thank you!

  5. Hey there are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you require any coding knowledge to make your own blog? Any help would be greatly appreciated!
    cheap louis vuitton sneakers for sale

  6. Howdy! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My site looks weird when browsing from my iphone4. I’m trying to find a template or plugin that might be able to resolve this problem. If you have any suggestions, please share. With thanks!
    Zapatos Nike Free Run 3.0 V2 mujer Suede Gris Azul

  7. Hello would you mind letting me know which web host you’re using? I’ve loaded your blog in 3 completely different web browsers and I must say this blog loads a lot faster then most. Can you recommend a good hosting provider at a fair price? Thanks, I appreciate it!
    Adidas Copa Mundialnaranja/azul/blanco Outlet Hombre

  8. With everything that appears to be developing inside this specific subject matter, many of your opinions happen to be rather radical. Nevertheless, I appologize, but I can not give credence to your whole theory, all be it stimulating none the less. It would seem to me that your remarks are actually not entirely validated and in simple fact you are your self not really fully convinced of the point. In any case I did appreciate examining it.
    Nike Flyknit Lunar 1+ Verde Blanco Hombre-espa?a

  9. With havin so much content and articles do you ever run into any issues of plagorism or copyright infringement? My blog has a lot of exclusive content I’ve either authored myself or outsourced but it seems a lot of it is popping it up all over the internet without my agreement. Do you know any solutions to help protect against content from being stolen? I’d genuinely appreciate it.
    Zapatillas Nike Air Presto 5 hombre Flannelette Deep Azul Negro Rojo
    [url=]Zapatillas Nike Air Presto 5 hombre Flannelette Deep Azul Negro Rojo[/url]

Leave a Reply