Proposal for Artemis Sportswear Company Essay

Proposal for Artemis Sportswear Company for cutting operational expenses to amplify profit margins just about ideas. As a business, Artemis can cut trim the operational approachs by down-sizing the take force so the political party can compete with other sportswear companies. There are two ways a company can down-size the labor cost, one of these is down-scaling the sharpen labor, and the other one would be to relocate the labor and obtain cheaper labor force. Reduce Employee Costs. Outsource any jobs where a full- cartridge holder employee is not necessary.This will cut your payroll expenses, health-care costs and space requirements. Introduce a yield scheme for employees who do not take any sick geezerhood in a year or six-month period. The cost of the reward is negligible compared to the savings made by the company. Rather than pay overtime rates, purify re-organizing the usage rosters and routines to prevent the need for overtime. Offer staff incentives for reducing their personal days and sick leave taken. Hire college students or interns-Internship programs are a win-win for both sides.You get an ambitious employee who will do monotonous work and they get college credit, generate and hopefully, an excellent reference. Cutting everyday expenses can demoralize operational expenses. When purchasing office supplies, generic is going to be little expensive than brand name. Buying the store brand is generally change at a lower cost. Buying supplies in bulk is cost effective over a long period of time. Leasing equipment is better than get equipment. When leasing you have the opportunity to upgrade or downgrade when necessary.Technology is continuously changing and improving, so by leasing there is the option to stay afoot(predicate) with the new changes in the equipment. Smaller equipment such as telephones, printers, fax machines and calculators should be purchased not leased. Smaller equipment will hold its value over time and can be easily replaced if needed. Try shopping for bargains or gross sales whenever possible. Company could go green by using products that produce less(prenominal) waste, or less energy. Curb your business travel and cut costs where you can.Meeting with long-distance clients is costly and it can be expendable for some businesses, but travel can also be the most skillful expense for a business. Fortunately, modern technology can replicate the experience at a much lower cost such as communicating through Skype or some other form of icon chat link. Cut out the landline and fax line with blackberrys and iPhones, and everything compatible for email, who needs them? Conceder free advertize whenever possible, try piggybacking your advertising.Including advertising material in other mailings, such as in invoices, saves postage and other costs, says J. Donald Weinrauch, co-author of The Frugal Marketer. Likewise, make the most of your point-of-purchase opportunities by tucking coupons, newslette rs or other promotional fliers in the bag with customers purchases. Hire independent contractors or temporary workers as needed. Outsource your payroll, benefits and HR. Consider a virtual ally or answering service to reduce payroll.Some IT Department solutions, summons Automation allows a smaller management team to effectively handle a larger number of systems Intelligent Software Delivery allows companies to more accurately assess how many licenses they will need when purchasing computer software Endpoint Virtualization reduces downtime for application conflicts and provides a secure workspace when roaming Power Management Capabilities documents contour with energy consumption policies and may provide rebates from local power companies outdoor(a) Diagnostic Tools reduces required IT travel time and travel budgets.