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Cost reduction: Difference between revisions
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{{a|negotiation|}}{{wasteprov|Cost}}s may arise largely as follows: | {{a|negotiation|}}{{wasteprov|Cost}}s may arise largely as follows: | ||
==={{wasteprov|Personnel}}=== | ==={{wasteprov|Personnel}}=== | ||
{{wasteprov|Personnel}} from [[Sales]], [[KYC]], [[Onboarding]], [[Credit]], [[Trading]], [[Tax]], [[Legal]]/[[Negotiation]], [[Operations]]. Costs include hidden costs like pension, redundancy expenses, national insurance and so on. [[All other things being equal]]<ref>The {{wasteprov|fungibility}} of {{wasteprov|personnel}} is a popular falsehood of [[management consultancy]].</ref> | {{wasteprov|Personnel}} from [[Sales]], [[KYC]], [[Onboarding]], [[Credit]], [[Trading]], [[Tax]], [[Legal]]/[[Negotiation]], [[Operations]]. Costs include hidden costs like pension, redundancy expenses, national insurance and so on. [[All other things being equal]],<ref>The {{wasteprov|fungibility}} of {{wasteprov|personnel}} is a popular falsehood of [[management consultancy]].</ref> you can address these {{wasteprov|cost}}s as follows: | ||
*{{wasteprov|Downgrading}}: Reallocate work from more expensive units to cheaper ones. So, the negotiation process moves from [[legal]] to the [[documentation unit]], to [[operations]]. | *{{wasteprov|Downgrading}}: Reallocate work from more expensive units to cheaper ones. So, the negotiation process moves from [[legal]] to the [[documentation unit]], to [[operations]]. | ||
*{{wasteprov|Relocation}}: move work to a lower cost jurisdiction where a like-for-like personnel are cheaper: moving document management from London to Birmingham, Belfast, Madrid, Krakow, Cape Town or Bangalore. | *{{wasteprov|Relocation}}: move work to a lower cost jurisdiction where a like-for-like personnel are cheaper: moving document management from London to Birmingham, Belfast, Madrid, Krakow, Cape Town or Bangalore. | ||