Happy New Year and have a prosperous
2012.
As we reflect upon the past
and contemplate our new year, I can’t help but see the desire to have different
results (more profit), but continue the same improvement methods. Most of us
know them; including myself for we all are subject to comfort zone (what we
know).
Most business, profits are
pressured from both directions; supply side and selling side. The supply
materials, labor and overhead continue to cost more while customers’
expectations become higher and more sophisticated.
A few of us see opportunity in
the pressure for those who can best define, create with minimum waste, and
deliver the customer’s product or service.
It looks like our economy
moving forward for the foreseeable future will reward those companies that can
master the change. Most business that deliver the same year over year in this
environment will be out, those that refine their cost of doing business and
satisfy their customers will move on to another day. It is the same struggle of
a decade ago, but more intense.
Through 2012, I will
continue to post here to provide tips on excelling to peak profitability. Feel
free to leave a comment.
Happy New Year,
Greg Andrysiak
Cost Innovations