The maths are simple, do more with less, and you have more left over at the end.
Productivity is not just something you aim for in the factory, the opportunities to do more with less are everywhere, in every activity undertaken.
The catch in all this is, when you identify the opportunities, free up the capacity by doing more with less, and figure out how to make the necessary changes “stick”, you have a choice to make:
- You remove the now redundant resources, and pocket the difference, or,
- You sell the added capacity that is already “paid for”, so you get the added revenue at an enhanced margin.
Sounds seductively easy, but in fact it is a tough road, littered with challenges, and nasty potholes for the unprepared.
