In order to increase the productivity of companies, it is necessary to fully involve employees and officials in the work of analysis, problem solving and decision-making.
For this, new tools and mechanisms must be generated to facilitate such objectives. As a new methodology to achieve such results we have the Cost Reduction Matrix.
How the method works
The Matrix as such is made up of columns and rows, the columns are headed by the different methods to reduce costs, while the rows have as titles the different processes or sectors whose costs are to be reduced.
The methods or tools for cost reduction are set by Senior Management within the objectives and strategic plans determined by them.
Thus, if Senior Management determines that teleworking is a plausible method to reduce costs, this methodology will be placed in one of the columns of the matrix for the purposes of sector managers added to staff members or external advisors to determine if it exists. such possibility and in what measure and form they can be used.
If the Directorate does not consider teleworking as something feasible within the strategic framework, it will not be authorized as a cost reduction methodology, therefore it will not be included in the columns of the matrix in question.
The personnel of the affected sector will work with said matrix, to which will be added external and internal advisers of the company who are specialists in the methodology in question.
In this way, the best tool to be applied, its feasibility and possible results is recognized more quickly (once the staff knows the specific methodology).
Furthermore, this participation leads to greater commitment.
For the crossings of processes and methods in which the methodology cannot be applied, the space will be canceled, something that will not happen with the processes to which the tool in question has to be applied.
In the latter case, it will be identified with the respective digits (See example)
These digits will serve for the separate development of the proposals to be made by the members of each team, who, in addition to developing the applications and the objectives to be achieved, will inform about the amount of investment and the economic results to be obtained.
The following shows as an example the formation of a matrix analyzed from the point of view of the processes and another from the point of view of the sectors.
