Waste, to many people and businesses, is what is thrown away / recycled but it is far from the truth. The biggest waste in any business or life is time and the actions of the employee be it at the place of work or at home.
Savings are part of the waste scenario. It is all well and good making the savings but they need to be recorded within the financial accounts and looked at year on year to see if they are still being made. Most importantly – can they be improved upon year on year?
Time and time again I have come across instances where substantial savings have been made but not monitored resulting in old habits creeping back in and the savings dwindling away. This can be especially prevalent in a business with a high staff turnover or where newly appointed staff are not properly trained.