How we can improve the profit margin without effecting quality, cost of material and price?

Hello,

this can be achieved by conducting process mapping to eliminate any non add value activities also this may result in some re-engineering for the process in order to achieve high productivity, also improving the supply chain performance may lead to reduce the cost,

best Regards

Thanks for the invitation.

If you mean that we don't have to reduce cost of material (purchasing and carrying both) even through inventory turnovers, not even in reduction in quality and Sale Price, then we can improve profit margin

By increasing Sales Volume through existing and new client.

By reducing overhead costs from all departments.

By eliminating unwanted expenses from all sectors of the company including downsizing

By avoiding getting loans on high interest rates.

By buying the material and services on maximum possible credits when you know you cannot reduce price of material on cash payments.

By improving overall efficiencies in all departments including sales and supply chain.

Well designed business process, supported by good IT tools can increase profit and quality and lower cost.

Improve profit margin by improving process efficiencies. Reduce the wastes.

Without effecting quality - maintain and monitor standards. 

Without affecting cost of material - Formulate EOQ and work with supplier for better rate.

Without effecting price - go to contract and secure rates for goods and currency.

Install KPI measurement dashboards/scorecards (www.ezzyscorecard.com), to monitor process outputs and target areas failing.

Introduce Lean, Six Sigma, Lean Six Sigma, or Total Quality Management (TQM) into the usiness culture.

Great Answer by Arif Mahmood General Manager . 

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