Reduce Cost, Increase Profit
Makemeknown No Comments »Due to the continuous increase in the raw materials and packaging materials prices, our (the company I am working at) profit is very minimal now. We tried to find ways to increase the profit by reducing our cost. So far, we have been keeping low inventory and less manpower since business is kinda slow. Don’t need so many workers. But we can’t go one like this as we need to find ways to improve profitability, supply chain efficiencies, cost allocation and cost reduction. What the company need now is IT value management where it analyzes IT infrastructure and services for financial cost, business value and operational efficiency, resulting in a strong IT governance and financial transparency program.



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