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When things become difficult… Cut your losses for half a day

When things become difficult… Cut your losses for half a day

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If you have to deal with an expanding business or participate in the construction of a “unicorn” company, you probably don't feel the need to cut corners. Unfortunately, not every company can withstand the impact of difficult times. In fact – and I don't hate myself for ruining the dreams of small children – even the unicorns hesitate and transform into horses. 

Or what do you do when it's time to make difficult decisions and cut corners? Where to start? Cutting groceries is complicated because, presumably, groceries sustain their businesses. But it is always that case. Here are some construction suggestions for areas to reduce or eliminate debris:

  1. Reduction of manufacturing costs through improved yields. Better performance depends on quality. O Minitab has countless studies case studies on different development projects that will result in significant savings.
  2. Reduce energy consumption to reduce public service costs. Public services are important for small and large companies. The use of predictive analysis can help reduce energy consumption in factories and even so reduce energy bills in desk areas.
  3. Reduce expenses with a guarantee that you sell them adequately. Warranty rates may vary greatly depending on the organization, sector and type of product, but normally they vary from 2% to 15% for liquid bandages. This is a significant cost that could be significantly reduced if a data-oriented estimation approach is adopted. In anticipation of shipments with warranty You can prove that your expenses are overestimated and, therefore, generate “economy” instantly.
  4. Optimize stock to reduce stock costs. Or supplement chain module Minitab offers several ways in which data analysis can reduce the costs of your supply chain, from to simple visualization of two days of bandages do rapier to understand or quanto você tem na prateleira até a advance demand to execute a more urgent operation. Alternatively, use structured troubleshooting tools, such as or Value-Stream Maps, to reduce supply chain inefficiencies.
  5. Eliminate waste. Wasted resources costing money and wasted work means wasted opportunities to be more efficient. Or use of lean tools to identify or waste can help you quickly find cost savings.

If you have the opportunity to count on a team of continuous excellence (also known as the Operational Excellence team), take advantage of more in difficult times. If you are trying to do this, please rely on all of our resources and services that can help you. 

 Source: Minitab

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