The Selection

Analyzing the idle money and adequate profitability. Analyzing and comparing the different financial institutions that serve us trying to move customer financing costs managing actively snatch vendor discounts by the perhaps reduction, our payment term by reducing financial costs, working on any variable volume financed, term and need to do (if we reduce stocks, will not need to finance them), reducing PMC and increasing PMP shopping study creation Department purchases, isolating the economic purchase of technical purchase review contracts with providers bring together volumes of the same concepts to favour negotiation example: have dispersed insurance in several companies, both the of the cars, like the premises, of life, etc. Because agglutinate them to order through a specialist a GLOBAL pricing, allowing better coverage and lower costs intellectual CAPITAL restructure the way of interacting in the organizational chart, facilitating the capacity of action and decisions. Training of staff and particularly predispose to simplify circuitry and processes, and as a result, have fewer errors and do not need special knowledge or skills in our people outsource, outsource suitable areas replaced as far as possible remuneration fixed by variables. Study the possibility of paying wages with alternative formulas, as wages in kind, enabling lower costs to the company, as well as potential net revenue to collaborating customers go for 80% of customers (rule 80-20) delete customers, unprofitable or with excessive risk premiums customer segmentation followed a policy of customer selection, with differences in treatment ratesbasically according to the volumes transferred business and existing risk premiums.

Eliminate unprofitable products and customers not having contact with the customer: OUTSOURCE eliminate late payment delinquencies costs not only has direct costs by the suffered loss, when a customer does not pay us, but necessarily while arrives that situation we incur costs that directly and indirectly causes us costs and times, measurable occupations directly in euros. When not, also affects our creditworthiness with financial institutions, i.e. when we have bad debt have increasingly, less likely to finance us, etc. Production production, actively manage: tendency to transform fixed costs into variable reduction technique Lean (Toyota) stocks system ABC, (Activity based Costing) eliminate bottlenecks bottle in analytical accounting 6 Sigma implant production by orders, and with summation by clients, by areas, departments, etc. Delete cost EXTERNALIZING the selection of departments to outsource, can benefit us in: focus our attention on what is important in our business transforming fixed costs into variables lighten our boats, weight and give them more grunt and greater ease of navigation and waist to adapt to changing market reduce costs in euros absolute is perhaps talk of outsourcing, but my I like to outsource tell us that 77% of Spanish companies have some outsourced what is externalized usually? Maintenance, logistics, information technology, telecommunications, administrative management, financial management, human resources management, etc give me it made and may not know to value it tell me and maybe I memorizare it show me that it’s worth and I’ll try remember wake me the need to do so, and I will learn let me I’m wrong and it will never forget original author and source of the article.