Just in Time

Just in Time stock control cuts the stock levels in the business. This therefore decreases unit costs, as stock is expensive to store.

Resources Management

Teamwork and more responsibility can raise the motivation of a worker. In turn, they will raise their productivity and quality.

Better Training

If workers are better trained, the quality and productivity of their work will be higher. In turn, unit costs will therefore be lower.

Cut Costs

Businesses can improve efficiency by cutting costs. For example, buying from a cheaper supplier.

Linking Payment to Productivity

Businesses can motivate workers to work more efficiently by giving them more pay for more output.

New Machinery and Technology

Updating the business´ machinery and technology will improve efficiency by:

• Improving productivity.
• Reducing unit costs.
• Improving the quality of the products.