Pages

Labels

Smart With The Knowledge And Experience Headline Animator

Make Your Own Wealth

Saturday, July 14, 2012

Making "Better" Business


At some level of the process, every company is involved in sales. You may be the head of a major manufacturing plant, but if no one is buying your manufactured products at some point in the chain, you don't have a business any longer. The name of the game in business is to maximize profits. Some believe that American corporations have taken this to an extreme, but that doesn't mean that making a profit is inherently wrong. Without that central component, no companies would exist. If you want new and exciting methods to improve your company's efficiency, Lean certification for your management and employees may be just the ticket.
Improve Cash Flow
One of the central components of having a successful business is to ensure the company has strong organizational cash flow. This is part of the primary focus of Lean certification and the Six Sigma program in general. When cash is tied up in ways that is can't be used, projects meet delays and employees may not get the funds they need to move forward. This is the death knell for any company that is trying to grow.
Improving Profit Margins
Whether you sell products that cost under a hundred dollars or over a million, the most important thing to your company is making sure you have a healthy profit margin. While loss leaders have a place in a successful company, the bulk of your product needs to be sold in a way that makes money. Lean certification provides the tools and organizational skills necessary to know how to price your products in a way that maximizes this profit without driving you out of competition.
Decrease Costs
If you want to improve the books at the end of the day, you have two choices. You can raise revenue or you can cut expenses. In a best case scenario, you do both. This allows you to sidestep the tricky business of raising prices (which can sometimes drive away customers) and slashing workforce or salaries, which can have a negative effect on morale. Decreasing costs is an art, and it should be one that every manager is adept in. Lean certification enables those who go through the course to learn the best principles behind cutting costs and maximizing revenue simultaneously.
Improving Customer Satisfaction
If you're in a company that sells the same basic product as your competition, you need something to set you apart. Undercutting price only works for so long before something has to give. What you need is a way to increase customer satisfaction. What Lean certification gives you is the tools to do just that.
Find a lean certification Alabama center to give your career a boost. Learn more at http://atn.org

0 comments:

Post a Comment