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Tag: savings

5 Biggest Challenges in Cost Management Today

July 12, 2019 Boost Profits Admin

A recent poll conducted by Cost Management Association identified the 5 biggest challenges organizations are facing today related to cost…

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Posted in: Cost Management Filed under: challenges, Cost Management, management buy-in, non-salary expenses, operating costs, savings, savings opportunities, value analysis

A Rewards and Recognition Program Will Turbocharge Your Value Analysis Team’s Performance

Boost Profits Admin

Rewards and incentives seem to be an oxymoron in the context of motivating value analysis teams to generate huge savings…

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Posted in: Value Analysis Filed under: incentives, rewards, ROI, savings, success, value analysis, Value Analysis Teams

The Missing Link in Achieving Higher Levels of Savings Performance

Boost Profits Admin

Most corporations have now purchased a new generation of MMIS or MRP systems or will do so within the next…

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Posted in: Supply Chain Filed under: benchmarks, budgets, data quality, improve, limited resources, MMIS, savings, supply chain

Data & Information Yield Power, but Knowledge Management Yields Gold

Boost Profits Admin

Things change, people change, and processes are reinvented in all organizations. So how do you capture the right information, from…

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Posted in: Value Analysis Filed under: data, knowledge management, MRO, savings, supply chain, value analysis

Data Quality is the Weakest Link in Supply Chains

Boost Profits Admin

Thousands of organizations have upgraded their MMIS and ERP systems in the last 10 years so that they could manage…

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Posted in: Supply Chain Filed under: data quality, ERP, MMIS, savings, supply chain

Finding More Time for Your Cost Management Initiatives

July 11, 2019 Boost Profits Admin

We all realize that time is fleeting, and before we know it the year is over and we haven’t found…

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Posted in: Cost Management Filed under: Cost Management, delegate, purchasing, savings, savings goals, time

Focus on the Right Things by Using Value Analysis

Boost Profits Admin

The future success of your value analysis program depends on FOCUS. When you focus on doing a few things exceptionally…

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Posted in: Value Analysis Filed under: focus, savings, value analysis, value analysis program

Gaining Your Management’s Approval for Cost Management Initiatives

Boost Profits Admin

The cornerstone for any organization to saving money can be summed up in two words: MANAGEMENT COMMITMENT. My experience in…

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Posted in: Cost Management Filed under: approval, business cycles, Cost Management, management commitment, saving, savings, support

How to Gain Internal Customers’ Buy-in to Your Savings Proposals

Boost Profits Admin

In my travels throughout the U.S., I frequently ask the question of corporate executives, “What is the biggest challenge that…

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Posted in: Cost Management Filed under: change, change management, Cost Management, savings, savings proposals

Our #1 Enemy is Cost – So Stay on the Attack

Boost Profits Admin

“Management tends to take the smallest bite out of the cost apple,” says Jack Welch, as opposed to cost being…

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Posted in: Cost Management Filed under: activity-based labor management system, benchmarking, cost, cost-cutting, costs, cut costs, low-cost, savings, value analysis

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Recent Posts

  • 5 Biggest Challenges in Cost Management Today
  • 6 Powerful Steps for Developing Proud and Productive Value Analysis Teams
  • A Rewards and Recognition Program Will Turbocharge Your Value Analysis Team’s Performance

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