Cost cutting by what ever means sometimes have a limit. How much can you really cut down your cost without taking into considerations of re-engineering or re-strategizing or even transforming your policies for the better etc. When you have reached a saturation point, you need to go back to your drawing board to think differently. In effect, you realize that one of the outputs of your persistent meetings towards transformation through re-engineering or otherwise is actually helping you to cut down your costs. Concentrating on just cutting costs may not be fruitful at a longer run because of its limited approach. Instead having an holistic view of organizational policies, strategies will do the trick as it takes into consideration cost cuttings as well.
By
Saibal Ray, SQA, confidential
| 02 06 2011 10:12:40 +0000
I support your views Mr. Muralidhar S.
By
Raju Prasad, Methods Engineer/Operational Excellence ,ITT India Corporation Pvt. Ltd.
| 02 06 2011 09:02:47 +0000
Yes off course transformation is the need of the hour. Once we are transformed every thing and all equations will change automatically.
By
Rathin Deb, Advisor and retail consultant, currently as Branch Manager, Tower Infotech Ltd
| 02 04 2011 14:08:36 +0000
One has to be apply mix kind of strategy cost optimization with transformation.As per economists trade cycles of economy i.e. Depression,revival,growth,boom,Maturity,Declination is affected by three things.. 1.Technologcal innovation 2.Inflation and Over Liquidity 3.Demand and Supply. To be very frank with you everybody...on individual organization basis to survive in cost competitive market especially for manufacturing companies...wind blowig from china...cost optimization will be higher agenda in thier goal deployement process.To cite you ecample..many small scale industries like export houses,process industries,auto anciliareies,components manufacturers have staretd industrial engineering,six sigma,value engineering,cost optimization activities.... This fact can be supported by increase in recruitment of industrial engineers from various campuses a report published by naukari.com. So for year 2011, agenda would be transofrmation through lean concepts,cultural changes,lead time redcution,non-value added activities reduction,technologial advancements in terms of patents,intellectuals,proceses which automatically will results in cost saving and absoluta advantages.
By
Raju Prasad, Methods Engineer/Operational Excellence ,ITT India Corporation Pvt. Ltd.
| 02 03 2011 12:42:50 +0000
SURVIVAL IS PRIORITY
By
Phani Mohan krishna, Head/VP/GM- Purchase/Material Mgmt, ANAGHA DATTA TRADE
| 02 03 2011 11:22:04 +0000
I support your views, Nischal. Very correctly said.
By
SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd
| 02 03 2011 11:19:32 +0000
cost can be controlled at break-even stage, but transformation is necessary.
By
kannan , Head/VP/GM-Accounts, own office
| 02 03 2011 11:15:23 +0000
Cost reduction wherever possible is good in order to create more demand, however, transformation helps crystallisation to churn out better qualitative one at a marginally differential cost will help in the long run! Transformation from Valve-Radio to Transistor to micro-processor was welcome inclusion - people at large accepted this transformation!
By
S. Muralidharan, Executive Director, Knowledge Foundation & Campus Around the Corner
| 02 03 2011 09:33:03 +0000
Transformation
By
Rohit , Analyst, IBM INDIA
| 02 03 2011 00:16:00 +0000
In my opinion it is transformation and the cost consideration depends on the particular case to case basis.However reducing the cost in a moderate way it is good and in case it is in each & everything means it will slow down the productivity ie will lead to less profit.
By
NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd
| 02 02 2011 17:58:43 +0000
because transformation is like fire which has purifying, cleansing qualities. "mere seene me na sahi, tere seene mein hi sahi; aag kahi bhi ho, lekin aag jalti rehni chahiye.
By
Rajeev Sharma, Strategic Analyst, Columnist, Publishing
| 02 02 2011 01:58:13 +0000
2008-09 taught many lessons - most important of which is "How to reduce cost?". I don't think squeezing more capital is a good and only way of increasing margins. In year 2011, you either will have to transform or face the bullet.
By
Nishchal Khetarpal, Client Servicing/Key Account Manager, HCL America Inc
| 02 02 2011 00:49:08 +0000
|
As far as organisational decisions are concerned when one decides to go for transformation, one would vouch or not vouch for it ultimately based on the "economics" involved. But the most significant transformation of the "Self"does not cost a dime. I can transform myself at zero cost,but when I have to transform the others, it does "cost".
By
Radha Anand, HR Manager, MB Metallic Bellows Pvt Ltd
| 02 06 2011 05:11:18 +0000
Mr.NISHCHAL is right in saying that people have realised that BOTTOM LINE is more important than the TOPLINE.Therefore the COST(total economics) becomes more relevant irrespective of the business model we choose.
By
MANI SUNDARAM, EXECUTIVE DIRECTOR CORP, Super Auto Forge ltd
| 02 03 2011 14:33:48 +0000
Its difficult to answer for me. If i consider most of the populations, cost will be a major priority. Even leaders are making it as their main agenda before election.
By
Anand Sharma, Monitoring the research funded by DIT, Department of Information Technology
| 02 02 2011 12:44:03 +0000
|
