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The best use of your time and money
Every 7 dollars you earn in revenues amounts to only 1 dollar in profit.
But, every dollar you recover from waste or process improvement goes right to the bottom line.
So, you have to sell 7 times more dollars worth of products or services to equal a given amount of savings. |
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Where do these savings
come from?
Direct Costs
Indirect Costs
- Premium freight
- Expediting
- Unused Capacity
- Complaint Handling
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The indirect costs are often hidden beneath the water
line.
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“A lousy process will consume ten times as many hours as the work itself requires. A good process will eliminate
the wasted time”
- Bill Gates in Business @ the Speed of Light
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