how do you eliminate waste?
DESCRIPTION
How do you eliminate waste in your business?TRANSCRIPT
HOW DO YOU ELIMINATE WASTE?
Industry Challenges
How does waste
impact your direct
costs? What costs
are hidden? What
are service centers
most worried
about?
Industry Challenges
…High error rates associated with order processing
…High cost of customer acquisition
…Eroding customer satisfaction
…Lack of visibility into demand
…Excess carrying costs
…
What does processing an
order incorrectly COST you?
Productivity?
Compliance? h
Financially?
Customer Confidence
And
Satisfaction?
YES NO
What does processing an
order incorrectly COST you? 100 inquiries per
day per sales
representatives
60
60% Quoted 10 Sales
Representatives
10 data elements
per inquiry (material,
services, etc.)
>$150K What would a 1% error
rate cost you per year if
each error cost $10 to
remedy?
What is your SALES process
COSTING you?
Confused Customers
Time to Close
Rising Customer
Acquisition Costs
Why is the COST of a sales
transaction so HIGH? Too much
confusion?
Are 70%+ of your SALES efforts
associated with non-productive
results? 100 Inquiries
40% No-quotes &
Immediate losses
40 60
30 30 30% Lost 30% Won
60% quoted
What impact is customer satisfaction
having on your business?
A customer is 4 times more
likely to defect to a competitor if
the problem is service-related
than price- or product-related –
Bain & Company.
A 2% increase in customer retention has the
same effect as decreasing costs by 10% –
Leading on the Edge of Chaos
55% of customers would pay extra to guarantee a
better service – Defaqto research.
YES NO ? ?
Lack of visibility into market demand
could cripple your company
Many businesses have too much
of their limited resource, capital,
tied up in their major asset,
inventory. Worse, they may have
their capital tied up in the wrong
kind of inventory. – Score
Of annual revenues are associated
with inventory and inventory
control – IBIS World
What other waste(s) can be
eliminated from your BUSINESS
processes?
What is most important to your
organization?
Sell faster, more effectively
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