Question

As a manager, you always need to be thinking about how to decrease costs without sacrificing the quality of your products and services. Generate three to five specific ideas this company could possibly implement for decreasing costs on similar jobs in the future. Note: General answers such as ""spend less on labor"" or ""be more efficient"" will not count. You must generate specific, realistic and actionable recommendations managers could take to possibly decrease production costs related to similar jobs in the future.

Answer 1

1-one of the most important tasks to reduce costs without sacrificing the quality of products or services are preventive maintenance.

2-If you are paying a lease, another possibility is to negotiate said lease based on a percentage of participation between 7 and 10%, depending on your sales.

3-Organize the processes when manufacturing a product.

4-periodically evaluate the work staff, to know if they are getting the most out of them

5-buy better raw materials will improve the performance of the manufactured product.

Step-by-step explanation:

The profitability of any business is determined by the ability to increase revenue and lower costs. Reducing costs without losing quality is the cornerstone of any company. The five points proposed are some solutions to reduce these costs without the product or service being offered to customers is affected in its quality.