The Secrets of Improving Your Profit While Maintaining Your Sale Price
Have you ever struggled with how to increase your profits and stay competitive in today’s market?
Wouldn’t it be great to find a way to decrease your costs (Production, Selling and Administrative) and grow your bottom line without raising prices and losing customers in the process?
The solution may not be as elusive as you are thinking. Focus and align on the Big Picture as opposed to optimizing the one piece that is under your influence as the later will result in suboptimal flow through your value stream. Liken it to working on the nozzle end of the hose when there is a kink in the line. No matter how much effort you put into maximizing the flow from the nozzle, you will not realize the benefits until you address the immediate bottleneck.
Taking the time to map out your entire end to end flow of material and information, commonly referred to as your value stream, can allow everyone to get on the same page. Once you have mapped things out invite input from your entire organization on where the “kinks” or pain points are and prioritize actions.
Following a methodical approach can seem overwhelming to some and even unnecessary to others yet if you truly want to sustain your gains, it is a necessary step. Start with the end in mind and reach out if you would like to discuss further.