Proposal for Artemis Sportswear Company Essay

661 WordsNov 9, 20123 Pages
•Proposal for Artemis Sportswear Company for cutting operational expenses to increase profit margins; some ideas. As a business, Artemis can cut down the operational costs by down-sizing the labor force so the company can compete with other sportswear companies. There are two ways a company can down-size the labor costs, one of these is down-scaling the direct labor, and the other one would be to relocate the labor and obtain cheaper labor force. Reduce Employee Costs. Outsource any jobs where a full-time employee is not necessary. This will cut your payroll expenses, health-care costs and space requirements. Introduce a reward scheme for employees who do not take any sick days in a year or six-month period. The cost of the reward is…show more content…
Meeting with long-distance clients is costly and it can be expendable for some businesses, but travel can also be the most beneficial expense for a business. Fortunately, modern technology can replicate the experience at a much lower cost; such as communicating through Skype or some other form of video chat link. Cut out the landline and fax line -- with Blackberry's and iPhones, and everything compatible for email, who needs them? Conceder free advertising whenever possible, try piggybacking your advertising. Including advertising material in other mailings, such as in invoices, saves postage and other costs, says J. Donald Weinrauch, co-author of The Frugal Marketer. Likewise, make the most of your point-of-purchase opportunities by tucking coupons, newsletters or other promotional fliers in the bag with customers' purchases. Hire independent contractors or temporary workers as needed. Outsource your payroll, benefits and HR. Consider a virtual assistant or answering service to reduce payroll. Some IT Department solutions, Process Automation allows a smaller management team to effectively handle a larger number of systems Intelligent Software Delivery allows companies to more accurately assess how many licenses they will need when purchasing software Endpoint Virtualization reduces downtime for application conflicts and provides a secure workspace when roaming Power Management Capabilities documents compliance with

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