Strategic Planning Consultant | SilverQuest Consulting
     
Home Page About Us Services Testimonials Client Results Videos Resources Contact Us Blog
Testimonials

Donald's presentation was delightfully entertaining, engaging, and motivating. . . the evening was filled with laughter and enjoyment. As a direct result of a very satisfied audience, four members of the audience stepped up to volunteer their time and skills to the Dallas Section ASQ. Thank you, Donald!

Kiami Rogers, Chair, American Society for Quality Dallas Section 1402

Signup for Newsletter:
Name:
E-mail:
WHAT OUTCOMES DO YOU SEEK?

Reduce and Control Costs

Focusing on results is the most effective cost control process. The key is not lowering the cost level, but improving the ratio between the organization’s work and its results. If work is cheap or efficient, it is still a waste if it does not produce results. The best way to achieve a high ratio of work to results is to optimize the opportunities of the organization. There are, however, a variety of ways to increase productivity and reduce or even avoid costs.

Cost identification, measurement and control can yield substantial benefits in increasing cash flow, allocation of additional resources, and improving overall financial health and stability. We at SilverQuest can provide a cost analysis which:

 
  • Identifies the cost centers — the most significant areas of costs where reduction can produce positive results
  • Identifies the cost points — the activities in the cost centers that are creating most of the costs
  • Reviews entire business as a cost stream — the flow of costs in the business
  • Produces a cost diagnosis — an in depth analysis of the cost characteristics
  • Develops a comprehensive cost reduction strategy — a plan to reduce costs and streamline your business so that you will have more money to keep, spend or invest

For more information on cost reduction see the following links:

Optimizing Cost and Capital

Organizational Re-design

Supply Chain Management

Process Improvement

Baldrige Criteria Implementation

Financial Planning

AVOID COSTS

The best way to avoid costs is to have a sound Strategic Plan that focuses and directs the allocation of all resources in an efficient way. The next best thing to do is examine all processes in the organization to determine inefficiency and waste.

Another place to look to avoid costs is the finances of the business. A Financial Plan for spending and investing can produce substantial savings and avoid waste. There are other specialized ways to avoid costs—better vendor selection, negotiating better agreements with partners and suppliers, and reviewing staffing requirements. For more information on how you can avoid and control costs in your business see:

Strategic Plan Formation

Organizational Re-design

Process Improvement

Supply Chain Management

Financial Planning