How To Reduce Cost In Operations


If you want something new, you have to stop doing something old.



What is in the Article?

Operational performance can be improved significantly when the mindset changes from believing what is impossible, to determining what is possible.

The most effective way to reduce operational costs is through people. When people perform optimally, costs will come tumbling down.

Become the Elon Musk and identify what the potential of your company is to reduce operational costs and to improve performance.

In this article, you'll learn:

Elon Musk case study and how he changed his mindset from believing what is impossible, to determining what is possible.

How “boxed mindsets” can stifle progress by achieving performance standards. Small changes to achieve improvements in operations.

The direct and indirect causes of cost mostly stem from people. People at the frontline are essential contributors to cost reduction.

Rob Dersley CEO and founder of Edutouch, is a specialist in company turn arounds. He has over 30 years of experience in operational performance improvement in the mining, manufacturing, retail, and services industries. He has over 20 years of concurrent experience in developing digital platforms integrated with technology driven methods, specifically to accelerate people performance improvement in operations.