For most if not all industries, the route to improving your profitability breaks down into essentially 4 components, these being:
- Increasing your Turnover
- Reducing your Costs
- Improve your Asset Utilisation
- Ensure your Business Sustainability
The objective of this section is to be thought provoking and offer various techniques in which each of these potential actions can be carried out. Not all will be applicable to your specific industry, but hopefully a good proportion will be. The following section ‘Enabling Technologies’ details ways in which the actions specific to your business can be executed.