What shall FY 2018-19 yield?
Ninan P . Chandy
Vice President -Operational Excellence| Reasearch Scholar |Founder at DeltaEta Cost Reduction Consultants|Corporate Trainer
FY 2017-18 has come to an end and the results of a year's hardwork will be out soon .. . Every chairman would have one comment " It could have been better" and the reply would be ..But for the cost increases....
FY 2018 -19 has just started and Diesel prices has spiked by 1.8% in 23 days . If the trend continues , by simple progression, it could end the FY by an increase of 28% . If fuel contributes 25% of your costs , the operating expenses would be up by 7% . Could selling prices match this rise ? ...FY 2018 -19 could be worser ...
Is there a way to mitigate this ...Yes, implementing Cost reduction plans at the earliest . The year is still young and the earlier you start the better for the bottom line .. Become a star and take your company to greater heights by starting your cost reduction programmes now .
CII , Godrej centre for Manufacturing Excellence has scheduled a 2 day workshop on Cost reduction on 2,3 May at Vikhroli . Limited seats only available . Participate and start responding positively . We cannot stop Price rises but we can reduce consumption ....be it material , time , space , fuel , or energy . and reduce unit cost ... Come , prepare yourself to make 2018-19 better ...No ifs and buts Good Luck .
DeltaEta is conducting the programme . We also conduct trainings for corporates ( seperate curriculum for Top , Senior and junior management ) and also undertake full fledged projects ( 6 visits x 3 days/visit in 6 months ) to reduce operational costs . Hands on experience gained over the years in the Industry is shared in well defined sessions ... Welcome .For details write to [email protected] or call 7736088076 .