ARTICLES — March 06, 2020

Take Control of Costs Once and for All

Don’t underestimate the damage small leaks of inefficiencies can do to your business. Work hours might add up yet targets stay unreached. Your productivity levels might remain the same, yet your operation costs flare-up. When you see these discrepancies in your business, it might be a sign that there are small leaks needing to be plugged up.

Here are simple ways to increase efficiency and take control of your business for the better:

1.    Maximize Your Employee’s Skills

The implementation is simple; don’t ask the sales expert to write or the numbers guy to design. The more time your employees spend grueling over their work, the less efficient your team will be and the more frustrated they will be. We’re not saying you need to hire experts. Rather, get your managers to observe what your current employees are good at and work with that. Having employees that are good and fast at what they do is the goal here. By doing so, you’ll be seeing a rise in productivity and in the number of employees feeling satisfied at work.

2.    Embrace The Right Technology

Time is money. So, if there’s a technology that could help lighten the burden from your team and speed up operations, check it out. For example, rather than doing a number of manual checks of your products, consider investing in an IoT based Asset Performance Management system. Your supply chain managers can know the condition of the product down to its temperature, humidity, pressure, location, usage, and more. They get to enjoy workflow automation also 24/7 visibility of the assets and its movement. Not only it’ll save them time, it’ll minimize human error and easily maintain the quality of your product.

3.    Focus on Building a Good Reputation

Your action speaks volumes. It shows through the consistency of your product quality and through the way your customer service cares for your customers. When you have quality service and are known for it, satisfied customers will help you increase sales naturally by referrals and repeat purchases. Based on your good reputation, you can charge higher prices which leads to higher revenue and a healthier bottom line. This will give you room to grow your business.

There is a theme within all three of our points; in order to keep your business running efficiently without leaks, you need to maximize your assets. Maximize your employees by bringing the best out of them, maximize your time through technology, and maximize your marketing efforts by building a quality reputation.

If you’re looking for a way to maximize the monitoring of your assets, whatever industry you’re in, you can use Asset Performance Management. From the transportation of oil and gas, the use of heavy equipment, distribution of medicine and vaccines, the use of supermarket chiller, the condition of MBP (mobile back-up power), even the temperature in a worksite. Stay efficient and control your operation costs by monitoring your assets automatically with Asset Performance Management, a new solution brought to you by Telkomsel IoT.

Small leaks add up. So keep your operations efficient by maximizing your people, your time, and the quality of your product.

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