A surprising majority of companies make simple mistakes that end up costing them big in terms of efficiency and the bottom line. The best way to avoid is simply by avoiding complacency and always keeping one eye out for ways to improve. Taking a long, hard look at your company may spark the realization that you are performing certain functions in an illogical or unproductive manner. Here are four examples of easily-avoidable causes of company inefficiency.
- Double Data Entry. If your company’s systems for recording and tracking data aren’t integrated, there’s a good chance that you are committing the sin of double data entry. In many cases, this means that people in one department are spending their time recording important information–while people in another department devote time to the exact same task, unaware that time is being squandered.
- Multiple Purchases. Is your company ordering all its materials together in carefully planned bulk purchases? Are your material needs well documented and organized? Or do different people make purchases as different times on an as-needed basis? Although some flexibility is a good thing, it also opens the door for higher prices and possible confusions.
- Manually Generated Reports. You and your employees should be spending time analyzing, understanding, and responding to reports–not generating them by hand. If your current manufacturing management programs are incapable of generating the reports you need, it’s time to make a change.
- Failed Communication. Your business will only be able to truly thrive when there is reliable and consistent communication between everyone–and when you have the systems in place needed to facilitate this. Misunderstandings and miscommunications can be an enormous source of sunk costs and inefficiency, so they should be avoided at all costs.
SMe Software and the SMARTer Manager program can help your company stamp out inefficiency and boost profitability. Try our online product demo to see for yourself the difference we can make!