Sustainability Success

How To Reduce Operational COSTS (OPEX)

Listen Later

This episode is about How To Reduce Operational COSTS (OPEX).

Here's a summary of what I will talk about:

  • Operational cost reduction strategies
  • 1. Identifying areas to reduce operational cost
  • 2. Conduct a cost analysis for all areas of the business
  • 3. Prioritize areas for operational cost reduction
  • 16 Ways to reduce operational cost
  • 1. Automation
  • 2. Streamlining processes
  • 3. Eliminating waste
  • 4. Negotiating with vendors and promoting competition
  • 5. Reviewing insurance policies
  • 6. Reducing energy consumption
  • 7. Promote remote work
  • 8. Digital transformation
  • 9. Implement Industry 4.0
  • 10. Outsource secondary activities
  • 11. Cancel unused subscriptions
  • 12. Improve sustainability
  • 13. Prefer online marketing
  • 14. Reduce business travel
  • 15. Leverage internships
  • 16. Pay the bills before the deadline
  • Why is it important to reduce operating costs?

    • Learn more about how to reduce operational costs on the Sustainability Success website!

    ...more
    View all episodesView all episodes
    Download on the App Store
    Sustainability SuccessBy Sustainability Success