C-Suite Advisory

The Move Towards Every Greater Efficiency In The Workplace

The competition is fierce. In a global economy, every customer counts. Along with that, a push towards greater profitability in the good times in order that companies can weather any future economic storm is completely necessary. Efficiency matters.

Perhaps the Greatest Mistake That Good Companies Make

Overspending during the good times reduces bottom-line profits and retained earnings. The penny drops when profits begin to fall because the economy is seen as faltering and both companies and individuals rein in their spending. At this point, the damage is already done. Profits are now down and the opportunity to sock away potential retained earnings has been mostly lost during the boom years (or months).

Even good companies that otherwise perform well fall into this trap. Then there’s a mad rush to slash spending left and right, laying off important people in the workforce that the company really needs to retain in order to prosper. It’s a desperate bid to stay profitable or to stay in business, depending on how bad the situation really is. Businesses even resort to invoice factoring and other financial methods to ease their cashflow woes.

It’s much better to run efficiently and lean as a rule, rather than at the last minute.

Multi-Skilled Workforce

Staying efficient with the size of the workforce is very important. The reality is that many businesses will drastically reduce their total workforce when sales fall even in offices where the same amount of work needs to be completed. This sees staff producing more than they have in the past. It almost seems like a miracle, yet it isn’t.

Multiple academic studies have shown that the average knowledge worker is only productive for 3 to 3.5 hours a day. The average U.S. worker is present in the office 8.8 hours daily yet works less than half the day. Where does the time go? According to studies, internet usage, personal calls, emails, needless meetings, and so on.

Changing the way work is done and the required hours is a new approach to take to this problem. Clearly, when fewer staff can still complete the work during staff cutbacks, then the company was overstaffed, to begin with.

Improving Packing in the Warehouse

Packing manually takes the time that companies cannot afford. A Douglas Machine case packer is capable of taking in products from the top, bottom or side to pack them ready for shipment. Staff is needed to resolve any issues with the machine and a cardboard box getting tangled up inside, but other than that, they’re not labor-intensive machines to operate.

Using this type of packing automation reduces the amount of hired labor required in a warehouse that actively ships goods out every day to local suppliers and superstores. This leaves staff free to focus on picking the right goods from the shelves to feed the conveyor belts and the case packers.

To stay ahead of the competition, it’s necessary to focus on efficiency across the board. This means in project management, work processes, staffing, and equipment to speed up deliveries. These days, every aspect is important for a company to be successful and remain so.

Have you read?

# Top 500 Best Universities In The World For 2019: Medicine And Health Science Degrees. | Life Science Degrees. | Physical Science Degrees. | Psychology Degrees. | Arts and Humanities Degree. | Education Degrees. | Social Sciences Degrees. | Business And Economics Degrees. | Computer Science Degrees. | Engineering And Technology Degrees.

Track Latest News Live on CEOWORLD magazine and get news updates from the United States and around the world. The views expressed are those of the author and are not necessarily those of the CEOWORLD magazine.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Thank you for supporting our journalism. Subscribe here.
For media queries, please contact: info@ceoworld.biz
Boris Dzhingarov
Boris Dzhingarov, founder of Cryptoext, graduated from the University of National and World Economy (UNWE) in Sofia, Bulgaria with a Bachelor's degree in marketing.