How do LED display companies save on "hidden forms"?

Entering December, 2017 is coming to an end. Looking back at this long and short period of time, the gorgeous dance design of the New Year's Day New Year's Day concerts is vividly in sight. The rising prices of raw materials, the rise of LED screens and the rising troubles have finally swayed. The LED screen of Yuandu Hotel is very shocking. The scene seems to be yesterday... In 2017, the LED display industry was tortuous, and the mood of the LED screen people followed the ups and downs of the roller coaster.
In the process of development, enterprises will always encounter bottlenecks in development in a certain period of time. They feel that the cost of operation has been rising, but it is difficult to find the "location" where the cost lies. We call it "hidden formation." This is like a disease implied by a living body. It is a long-term cure and lingering, which makes the operators a headache. If you can find these "hidden forms", it is undoubtedly like finding a "pathogen", then as long as "the right medicine" will certainly be a good cure.
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In particular, the current LED display manufacturing industry is under the environment of rising raw materials and labor, and how to effectively save some unnecessary costs has become the top priority of many LED display companies. Therefore, it sums up the various “hidden forms” that the enterprise may exist, and the enterprise can conduct self-inspection accordingly.
Meeting cost
Meetings are a collective activity for companies to solve problems and issue orders, but they are also a high-cost business activity. Because this activity is often a group activity involving many leaders, every minute means the number of minutes of the total number of participants, and many managers of the company do not have the skills to meet, there is "pre-preparation, meeting There is no subject, no execution after the meeting, no need for participation, no control of time, no speech at all. When paying monthly salary and summing up income, the figures in the financial statements always become the "insomnia drugs" that the operators are miraculous. It is not known that a large part of this "medicine" is the meeting.
Purchase cost
Procurement has different ways in different companies , but this is an important part of the cost that affects business operations. For LED display companies, not only need to purchase the materials produced, but also need to purchase office supplies, etc., but often we are habitually put the focus of procurement costs on the price and quantity, but it is difficult to see Other factors.
There used to be a company that had a working cost of 80,000 yuan per day when doing a new project. However, on the eve of the product launch, the procurement department spent a week to purchase more than 100,000 yuan of packaging. The reason was Find low-cost suppliers to save on procurement costs. The entire marketing team therefore waited a week to sign up with the customer. And this phenomenon actually exists in many companies.
The blind pursuit of reducing the direct cost of procurement ignores the "hidden formation" that coexists at the same time. Of course, reducing the direct cost of procurement does not conflict with this article. Here, we are talking about the procurement department of the enterprise. It is necessary to comprehensively weigh the various indicators from the perspective of the overall operation to truly control the cost of procurement.
Talent flow cost
There are many companies that are lacking in human resources management. They believe that talents are infinite and become "iron-plated camps." Employees naturally become the "waterborne soldiers."
It cannot be said that the departure of an employee is a cost to the company, because the company has to bear the initial investment in the training fee for the employee, and also bear the upfront cost of recruiting the new employee, and also assume whether the new employee is suitable for the post. The risk of leaving the old employee may also result in the loss of important internal information or information due to professional literacy, and after leaving the company, it is likely to enter the company of its competitors. Therefore, the loss of employees, especially old employees, will undoubtedly bring the company several times more than its income.
Position misplacement cost
There is a famous saying in human resource management that "put the right people in the right place." Unfortunately, there are really not many companies that can do this. I once hired in a talent market and heard conversations among employees. Every job fair was required for all staff to move tables and chairs, because it was a rented gymnasium as a recruitment venue. Up to the professional manager, down to the general staff, have become "porters", can not help but sigh, this company is engaged in talent recruitment and management, how can spend so high wages to invite unprofessional porters.
In fact, this reflects the boss's very clear mentality. They think that these employees are ready to use when they are recruited. As long as they can do it by themselves, they don't have to spend more money to do it. But we found that they paid a high price. The employees of the company have been complaining all the time, because quite a lot of them are female staff members. They have no strength to carry tables and chairs. The senior officials have never experienced such "courtesy" and some have left. We are not recruiting at this job fair since I don't believe that such a team can provide me with a good service.
Process cost
There are too many chaos in enterprises because of the process, which is a common problem in enterprise management. For enterprises with slow development, the process must be chaotic or unreasonable. They bear a high cost for this, but they have always turned a blind eye. The process is the industrial chain of enterprise operations. Like the assembly line, there is no scientific and reasonable process, and it loses systematic control over various work. Many jobs are abandoned halfway, and there is still a lot of work that needs to be reworked. But I have to admit that this will become a mess that wraps the company forward.
Stagnant resource cost
Stalled resources can be said to be the most extensive "hidden formation" in the enterprise, such as idle equipment, backlog of inventory, low-utilization job occupation, idle funds, shelved business, etc., although they may not continue to consume enterprises. The investment, but they are part of the company's assets, the company will bear the interest and other hidden costs. Therefore, in a company, the amount of resources stagnation reflects the level of enterprise resource utilization.
Credit cost
This is a cost involved in long-term returns, and integrity management is like honesty. We have found that many companies are accustomed to defaulting on suppliers' fees, accustomed to defaulting on their salaries, accustomed to deducting others, and accustomed to defaulting on bank loans, etc., which is considered to reduce the pressure on corporate liquidity.
However, in the long run, this will become a serious hidden form of business operation. First, suppliers will definitely calculate the time cost in their quotation. Such enterprises cannot purchase the lowest price raw materials or services. Secondly, employees are in arrears in wages, violating labor regulations and being in danger of being punished. If you owe a bank loan and deduct others, you will be greatly discounted. When the company encounters difficulties one day, it will be embattled. Undoubtedly, companies have to pay a heavy price for this, but in fact they have not received any benefit. ''
Entrepreneur cost
There is a good word, the soldier is a bear, and will bear a nest. Entrepreneur is like the leader of an army, and it is the employee with the highest cost of payment. The bosses of many private enterprises have turned themselves into the "emperor" of the enterprise. Everything has their final say, and all employees have become the machines of execution.
Because everyone is responsible for their work, we often emphasize that in your scope, you are the leader and you have the right to make decisions. And many leaders have always centered on themselves, which will greatly reduce the team's combat capability and increase the high amount of hidden costs. I remember saying to a boss who complained about the company’s lack of talent: "What your company lacks is not talent, but the wisdom of discovering and making good use of talent."

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