How lack of planning and technology results in wastage of resources ?
Answers
Answer:
it results on the quality
Explanation:
One of the key parameters for the businesses today is achieving early ROI. Organizations are under tremendous pressure from the management to increase the rate of return on investment to realize profits. Traditionally, ROI was linked to ‘cost savings’ and, it’s true till today also. Although there are other dimensions of ROI too, like customer satisfaction, brand differentiation, business growth, etc., that help drive increased revenue. But, the goal is always to drive measurable hard-cash, that too quickly; achievable majorly through cutting costs.
Along the length and breadth of the organization, there exists a number of elements that become the base of cost cutting. However, of these, there exists one element that mostly goes unseen by the decision makers and that’s ‘Waste’. If waste is recognized properly, handled efficiently and controlled substantially, its surprising effects can be seen clearly on the bottom line.