It’s budget time and although we should be working to control costs throughout the year, it seems cost cutting measures are focused on when we crunch our annual numbers. How is your company working to control costs? One simple change can certainly make a profound difference as the following story indicates.
An observant Walmart store manager in North Carolina sent an e-mail to upper management asking why all the lights in the vending machines in the break rooms needed to be on. Walmart unplugged the lights and is saving $1.4 million. This is just one example of a company employee coming up with a significant but simple cost saving suggestion.
Walmart encourages their employees to sniff out this sort of thing, believing there are three criteria all companies must develop to have a successful sustainability program: buy in at senior level management; set goals—one overly aspirational/one attainable; and get started.
Does your company encourage such actions? Please share your simple but cost savings solutions. I bet we could all use them!
Tags: business cost savings
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