Are You Tracking Rework? What It Is & How to Quantify It
Understanding Rework What is rework? Rework is the process of redoing work that wasn’t done properly the first time. Specifically, rework is the additional labour, materials and time required for a product or service that doesn’t meet initial standards of quality or functioning that, when completed, does meet its requirements. Why does tracking rework matter? […]
Why You Should Bring Back Timesheets
Bringing Back Timesheets: Your Secret Weapon for Business Productivity Westpac recently announced the return of timesheets for its employees earning up to $140,000 a year. This move sparked a lot of conversation and serves as a timely reminder of why time tracking is crucial for businesses. Timesheets aren’t just about ensuring people get paid properly; […]
The Hidden Cost of Labour-Only Work in Manufacturing Operations
In the manufacturing sector, the decision to take on labour-only work can be a slippery slope that jeopardises profitability and sustainability. While it may seem like a quick fix to keep teams engaged during quieter periods, this approach often leads to missed opportunities and financial strain. By applying relevant financial metrics to assess job […]
3 Business Lessons Manufacturers Can Learn from Elite Restaurants
Have you ever wondered what makes a world-class restaurant tick? How do they consistently deliver excellence under pressure, with no room for error? Many businesses struggle with inefficiencies, lack of urgency, and poor preparation, leading to missed opportunities and wasted resources. But what if there were lessons to be learned from these culinary giants that […]
Mastering the Effort-Output Equation for Greater Financial Success
In the evolving business landscape, sales teams have faced unique pressures in their environment.
KPI Pollution: Simplifying Metrics for Business Success
In the business world, there’s one kind of pollution that often goes unnoticed. This one isn’t about the environment; it’s about harming your business with an overload of key performance indicators (KPIs).