Costs are like dogs!- The Cost Detectives

Posted in Cost Detective by Marcus on April 7, 2013 No Comments yet

Costs are like dogs!

 

We spend a lot of time with clients looking at the actual cost of things that they are paying for, because that is the area they want us to concentrate on.

But we also look at how things are being ordered and why?  dog on lead 1

Companies struggle between empowering employees to do  right when they buy things, but equally wonder why their costs just keep going upwards.

There are things you can do to make sure that the balance works better.

Restrict who employees can order from, but equally make sure the door is open to new suggestions for suppliers as employees who are at the coal face often have an eye on new trends and options available.

 

Empower employees not only to spend but to innovate as well.

When was the last time you asked your employees, “What do we spend too much on?” If you did , did you take any notice?

If you have multiple sites how do you know when purchases are being made? Do you have a web based ordering and stock control system that can spit out reports at the drop of a hat.

There are many different ways of controlling day to day costs. Looking at costs two weeks after each month end is not one of them or even worse at year end!

Costs are like dogs you need to keep them on a leash, but there is no reason with the right procedures in place that it can not be one of those extendable / retractable ones. Not every dog tries to run away!

 

dog on lead 2

 

So have another think about your costs, if you do not have the time to find those last bits of savings then you know where to come.

Don’t forget to follow us on twitter @CostDetectives for great free cost saving tips, or do get in touch if you are looking for any contacts as we now have over 7,000. MarcusKing@TheCostDetectives.co.uk

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