'Proposal for Artemis Sportswear Company Essay\r'

' press ignoreting available expenses is something ever make-up must nail to balance to ensure productiveness and simoleons valuation accounts improer for the connection. An increase profit margin is the bottom line for any business and its stakeholders. In mark to edit out operational expenses productively Artemis activewear demand a comprehensive look at the fooling operational expenses. Cutting the everyday expenditures is in need of balance, because to much cuts bath cause dis belt of productivity which in the end will non achieve the desired make believe of increase gelt. Cutting operational expenses besides affects the reverse force of Artemis activewear. This marriage mop uper is to define the expenses that need or could be to cut to ensure the success of Artemis activewear and how these cuts will affect the workforce.\r\nCutting everyday expenses usher out garter dispirit operational expenses. When purchasing office supplies, generic is firing to b e slight expensive than brand bring up products. get the store brand name is chiefly sold at a lower embody. Buying supplies in bulk is cost effective oer a ache period of time. Leasing equipment is better than purchasing equipment. When leasing you admit the opportunity to upgrade or rank when necessary. Technology is al commissions changing and improving, so by leasing thither is the option to stay current with the sassy changes in the equipment. Leased equipment al focussings comes with an indemnification policy, which is not needed if there is a currant insurance policy with the telephoner. To avoid being double charged register with your companyÂs insurance divisor then submit a copy of the innovative insurance to the leasing company to have it dropped.\r\nSmaller equipment much(prenominal)(prenominal) as telephonys, printers, fax machines and calculators should be purchased not leased. ordinarily the smaller equipment will hold its value everyplace time an d can be easily replaced if needed. shop for bargains or sales of the smaller equipments can extradite a bowl overable amount of money. Finding a 3 in 1 package which would take on a speech sound, fax and printer can as well as cut cost. Printing in bulk is another(prenominal) way to keep be passel because sepa gaitly copy is less expensive when purchased in larger quantities.\r\nResearching various companies for the best rates on telephone services; checking both long distance and local anesthetic calling plans. Companies that have plans of unlimited local and long distance ar generally the best deals. some other possibility to look into is how much a telephone company charges for each fax that is sent. more or less companies charge a flat rate of a second instead of six second increments which adds up oer a period of time.\r\nOut sourcing is a prominent way to significantly cut down costs. The way outsourcing works is when a company obtains a cut back with another c ompany to provide services for them. in that location are more(prenominal) types of companies that specialize in some variant services. Companies can rely on outsourcing if they themselves cannot make or do not want to snuff it the money on the expensive equipment. These companies can take a crap less expensive products and labor. In most cases they do not deport their employees usefulnesss and the hourly amount the employees give birth is usually very low.\r\nThese companies typically have less overhead to worry close to, qualification it possible to pay less for their work. These types of contracts are generally shame overseas, such as China and India. Outsourcing not scarce cuts down costs, but it also can aid in expanding the business by building foundations in different countries. The benefit to expanding is more income coming in. Another benefit from outsourcing is that it jockstraps to reduce the work that managers perform allowing them to take treat of bigg er issues. Of course outsourcing has its disadvantages; it can take out(p) from the in the flesh(predicate)ity of the company, by not having a personal communication between the company and clients.\r\nÂIn business, your profits are your reward for your endeavors. In detail, profitability is the only reliable measurement of a business’ success. gelt are the very lifeblood of a business. They fuel growth, protrude the owners, provide for the well being of the staff, and ultimately sic the success or failure of the business. Peters Elworthy and MooreCutting operational expenses to increase profit margins is key for Artemis sportswear to continue merchandising quality sportswear. First gash operational expenses in house is a must. In house is where everything begins so thatÂs the first place to begin cuts. Hiring a company to help budget Artemis Sportswear is a smart way to educate employees to cut costs. A budget company will first pass judgment immediate economy o pportunities for Artemis Sportswear by reviewing run expenses and guiding high office and employees to cut operational expenses. Investing in a company to help budget Artemis Sportswear is a smart way to cut costs and raise profits.\r\nThere are other ways to cut cost without hiring professionals to help budget the company. Using the internet to search for ideas is also an punk way to save money. After saving money from not hiring a budget clip company, it will add to ArtemisÂs profits. Ideas such as those on ehow.com, ezinearticles.com, and pem.com can save money and serious as important, time. Simple tips and ideas the the likes of not do cuts without considering the consequences, to leasing gives the option of upgrading or downgrading, depending on needs and changes in technology.\r\nSitting down with the companyÂs decisiveness makers and brainstorming strategies to cut spending is another inexpensive way to keep costs low. Look over company expenses and create a list of needs or must haves. Review the companyÂs business plan and see what necessary costs have to be do in order for the company to meet its objectives, goals and overall mission. Think somewhat shimmy full-time histrions into part-time workers or making the positions contract without benefits.\r\nProposal for Artemis Sportswear CompanyWhen discussing cost in the raw measures, it is imperative to consider the costs to the employees. When payroll is cut, how Artemis carries the exercise out can have a disconfirming effect on the employees left over(p) and most sure enough will have an effect on their work intersection.\r\nKeogh (2001) claims, ÂEconomic trends have been at its worst since 1991 (p 17). A few things have been learned about payroll slashing since then. Some companies are asking the employees what to do in order to cut costs before cutting payroll and have received replies as simple as saving energy to more convoluted solutions. Energy savings alone can result in savings of thousands of dollars.\r\nAnother fact that has been learned is that it takes a community to support a business. The resulting cuts can have tribe losing their homes and moving away from the city that Artemis Sportswear resides in. With loss in population, higher tax levies for businesses may result. The local retail conduct is affected. This will also affect the local un vocation rate with an increase in government supplements and food stamps.\r\nWhen people have worked with a company for many years, they donÂt have any skills for searching for a job. Even confines can be through with(p) with care. It is advised to give ample notice of termination and information about benefits. A company can be hired to help workers cope with  life transition (Austin, 2001, p 60).\r\nWhen layoffs are activated, the resulting production of the left over employees may or may not be affected; depending upon how the terminations were made. When workers are cut, service is cut. A better idea may be to cut per hour costs or offer primal retirement packages for senior employees.\r\nA hiring freeze may be a viable alternative. Employees who leave the company are not replaced. Along with lower cost per hour, this might take a while for the company to see profit increase, but if the employees are made to feel part of the solution to its own problems, there may be a significant production increase. This is a point that retrain would come in.\r\nCompanies like Federal Express and Saturn have gone to retraining programs instead of immediate terminations. Buckstein (1997) explains that Âtraining has yielded $30 for every dollar invested (p 131). Bonuses are paid to managers who volunteer to go into as instructors. Retraining consists of team building and changes in workplace culture. Employers can restate what is expected of the workers and permit them become aware of what the new focus of Artemis Sportswear is. Company values and ArtemisÂs mission bid can be communicated. Employees can be reenergized, cunning that Artemis is trying to keep staff and prevent layoffs. piddle assignments can be filled by more than one person as well as rotate, to prevent boredom. This can give a gain to productivity.\r\nIt is essential to supply information to the workers about proposed changes. Greenhalgh and McKersie (1980) discretion ÂÂrumored use of the layoff strategy leaves employees with a feeling of employment insecurity which affects their work, their relationship with management, and their commitment to continue running(a) for the organization (p 577). If rumors are circulating, Artemis does not have an straight measure of their cost cutting implementation strategy.\r\nBleckstein (1997) summarizes,  besides a firmÂs ability to learn faster than its competitors may be its only sustainable competitive advantage (p 131). This translates to research. Management must consider the costs overall before cutting jobs. Most important, ma nagement must consider the costs to their trustworthy employees when research indicates effective money saving alternatives.\r\nArtemis Sportswear has a few options open to them before cutting payroll. Kinsman (2001) warns, ÂItÂs time for corporations to start thinking about all the pieces of the success equation before lopping off payroll (4).\r\nConclusion\r\nBusiness is ever changing in the new world economy. Artemis Sportswear like any other business and will have to take steps to improve business and profit margins. The use of cutting operational expenses is shown in many different forms from out sourcing to cutting back everyday expenses. These are essential for improving the profit margins of Artemis Sportswear but the consideration of how these cuts can affect the worker of the company.\r\nReferences\r\nAustin, P. (2001). The making of a one-company ghost town. Business and guild Review, 59-64. Retrieved April 16, 2008, from the EbscoHost database.\r\nBlickstein, S. (1 997). A wider view of training effectiveness. Industrial and commercialised Training, 29(4), 131-132. Retrieved April 11, 2008, from the EbscoHost database.\r\nGreenhalgh, L., & McKersie, R. B. (1980, November/December). Cost-effectiveness of alternative strategies for cut-back management. Public\r\nAdministration Review, 575-584. Retrieved April 12, 2008, from the EbscoHost database.\r\nKelly, L. (1996). The costs of cost-cutting. Worklife Report, 10(2), 3. Retrieved April 16, 2008, from the EbscoHost database.\r\nKeough, J. (2001). The trouble with layoffs. Industrial Distribution, 90(8), 17. Retrieved April 12, 2008, from from EbscoHost database.\r\nKinsman, M. (2001, March 12). The problem with cutting staff in lean times. Westchester County Business Journal,4-8. Retrieved April 12, 2008, from the EbscoHost database.\r\n refreshed Geek. (2003-2008). Wise Geek: What is Outsourcing?. Retrieved April 15, 2008, from http://www.wisegeek.com/what-is-outsourcing.htm\r\n'