The answer to the question above is cost reduction! Every single company on earth is looking for ways to increase profits and reduce overhead. Being able to do one or the other will make you stand out above the rest.

Recently, Limitless Technology~CRS read the article “Be a Bottom-Line Contributor by Saving Your Company Money” written by a senior contributing author at Monster. In the article, the author tells several stories of employees coming up with excellent ideas that helped save their companies a great deal of money. Some of the ideas were:

1. An employee who invested in a bulk mailing machine to save their hospital a million dollars a year!
2. A process improvement change that led to radiation therapy being cheaper and quicker for the patient
3. A marketing agent buying discount chairs for her company as opposed to constantly renting expensive chairs.

Limitless Technology~CRS supports cost savings of all kinds, whether it is by internal or external resources. The examples above of cost savings are brilliant because they saved companies money by simply looking at an existing process and making it more cost efficient.

Companies need talent to look into current company processes and make sure the processes are up to date with new advancements and ways to save. For example, although the new radiation therapy process created in Example 2 saved the company a significant amount of money, the process can, most likely, be further improved once the company’s talent grows accustomed to the new process and notices ways to make it even better.

Being an innovator is a fantastic thing in a company, especially, in regards to cost savings and reducing bottom-lines. The question is how do you proceed if you have not found a process you believe you can modify to save money?

A very simple solution to this issue is to find a trustworthy, reliable, and recommended third party resource that focuses on cost reduction. These companies already have the skills necessary to generate savings. A special few are even able to find huge savings where you never expected, like saving hundreds of thousands of dollars on something as common as the company’s phone bills.

Limitless Technology ~ CRS would like to know: Do you think it is important to save the company you work for money? Leave your comment below!

Obviously Michael’s rare and valuable phones would make him money if he decided to sell them. However, most of us our not lucky enough to make money off our phones. Most companies, in fact, spend way more than they need to to have a telephone line. The average line costs companies $56 per month (that does not even include long distance).

If a company had 1,000 phone lines their cost per month would be about $56,000. The yearly total adds up to a stunning $672,000 a year (and that is just to talk to your customers!). Limitless Technology Cost Reduction Specialists often reduce companies telecom spend by 25%. That means you would 14,000 dollars, a $168,000 yearly savings!

Think about what your company could do with $168,000? Would you start a new ad campaign? Maybe you would hire a few more employees? Or just maybe you would buy your top 168 employees an antique Superman telephone.

Limitless Technology can provide you with these savings, call us at (866) 504 4050 or email us at www.limitlesstechnology.com for more information.