Ever heard of 'opportunity cost'? That's the expense incurred between time and execution. And for many Australian operations, it's costing them money.
But yet, they're still reluctant.
That reluctance costs money. In today's post, we're going to demonstrate why.
Productivity isn't optimised
Software enhances productivity. Without it, there is a significant time and energy cost in creating measurable data in a transport or warehouse operation.
Because you're not able to measure your inputs and outputs, your productivity generally remains stagnant.
That is - unless you hire additional staff or purchase new equipment which costs you money.
Indecision is exhausting
Focusing on an idea constantly, yet not acting on it requires a lot of mental headspace. We sit on a constant loop of "I should do it, but...."
That energy could be better spent on making a decision. One that is either "Not right now" or "Yes! This is absolutely what my business needs to grow."
Either way - choose a decision that allows you to move forward today, without the constant mind-chatter. As that's costing you time...and in the industry...time is money.
Your competition is moving
More and more companies are executing on ideas. Whether that's operational upgrades, taking on partners or creating more robust systems and processes, they're certainly moving.
With them one step ahead, you're now one step behind. And when that new contract comes up for renewal, who is more likely to get the tender?
Now you're losing money because your competition really has the upper hand. Because they're executing, not debating.
It'll cost either way
Perhaps the biggest hindrance towards taking action and change in the workplace is the expense. Executing on an idea is will cost money, but in-action is more expensive.
See - your old processes are already costing you money. The initial idea was to both save money and enhance productivity. Right now - none are being improved, because it's expensive.
And yet, it's expensive either way. But over the long haul, the benefits far outweigh the costs.
The silent expense is opportunity cost. It's the one that you can't see on a profit/loss statement, but it's real. In every industry and every operation.
Unlike much of the western world, the industry in Australia runs on old systems. These old systems cost money. And yet, the delay between realising the problem and solving it continues to cost money each year.
If you're ready to genuinely save money in your operation AND enhance productivity, then get in touch with our friendly team today.