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Cost Optimization
- 1. COMMON COST JUSTIFICATIONS
For Automated Systems
THE INFOLIST SERIES
Cost Reduction
Fewer errors
Fewer people handling data
Eliminate waste related to inaccurate, obsolete, or overstocked
inventory
Reduce inventory shrinkage
Eliminate time wasted looking for information and/or inventory
Improve the collections process
Maximize cash discounts and reduce overlooked credits
Reduce accounting and industry-specific consulting expenses
Reduce staffing
Minimize lost billings
Improve cash flow (improve return on equity or reduce borrowing
costs)
Improve quality and timeliness of financial reporting
Better Customer Service
Improve on-time delivery
Improve customer information and communication
Improve quality of information about customer order status
Reduce the time to research a problem
Improve customer history retention
Reduce out-of-stock situations
Reduce customer returns
Increase client creditability
Attract New Customers
Offer new services or products
Improve ability to market to mass niches
Improve adeptness to quickly respond to unusual requests
Improve the way prospects are tracked
Improve Employee Productivity and Employee Relations
Improve effectiveness of employee communication
Reduce receiving and shipping labor
Reduce secretarial pool
Reduce accounting department size
Grow without increasing employee number
Improve professionalism
This information is being provided simply to give you a
list of some common cost justification considerations for
implementing new technology. No final conclusions
about the best justification for your system should be
reached without further review and consultation with a
technology advisor. If you have any questions or
comments regarding any of the material herein, please
contact Chaim Yudkowsky.
© Copyright 1996 by Chaim Yudkowsky, CPA410-736-9875 cyudkowsky@byteofsuccess.com