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There is a four-step approach to reducing costs:
1. Create a center-led organization approach. The key to improvement is a procurement organization that cuts across business silos. It could even be virtual -- rather than physically collocated -- as long as it can operate as a cohesive unit.
Cross functional teams that are organized around categories and technologies can help provide the foundation for smarter sourcing. Like having a core unit for subjects in schools so that once an approach, a methodology is to be implemented the core its taught and then it percolated down to each member with ease and even the new one would get training from the
same members
2. Generate quick wins by reducing complexity. Reducing the complexity in the system will reduce the cost anyways.
For example In education it simply means that you need to keep the system simple. We still in education have so much of paper work, everything to be hand written, everything in individual work style, we must have format for everything saving time and energy.
3. Establish robust processes. More effective practices and other innovations can help create lasting improvements in all aspects of the educational process. Small improvements are the key to big results. Examples include establishing pricing of education, negotiating the work load, using material and resources in the teaching learning process and leveraging your spend across categories.
4. Develop a fully integrated cost reduction system. To ensure cost effectiveness ensure that all systems, people and processes are all the time alert and aware that all the happenings in the field of education are having a cost. The building, the energy supply ,the things, the human resource are all there with a cost. So everything is to be utilized to a judicious extent, of course overuse and exploitation is to be avoided.
raphael answered the question on August 4, 2021 at 07:43
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