Feb
8
8
Trying to do more with less? Again? What are you considering this year that you had not previously as the fallout from the economic crisis rises in your community and your organization?
These times bring out the spirit of sharing of good ideas. Recently I facilitated a Healthcare Special Interest Group for approximately 10 healthcare provider CIO’s in the northeast. Frankly the planned topic of predictions for 2009 and the new president’s plan for healthcare were quickly set aside to make room for a roll up your sleeves exchange about what is working and what organizations are trying in the area of cost reduction.Here is a list of the topics discussed and a summary of the ideas offered:
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Contingency Planning - the simple act of working through the what if scenario on potential swings in available capital and operating dollars. Failing to plan is planning to fail?
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Creating Greater Focus- looking at the silver lining in this dark cloud of an economy. Because you can’t do everything, the good news is that the “noise” is reduced and you might get better results from a smaller set of initiatives.
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Return of the ROI - focus on investment that will yield a return - increased revenue or efficiency
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Examine vendor contracts- consider paying more now for a reduced rate over time. Look at the details of that enterprise license.
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Challenge your vendor partners - Do you need 24*7 coverage for that hardware of software component? What is the risk of moving down from gold to silver?
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Buried Treasure - don’t overlook the value of assets you already own… Look at that Microsoft license and see what value you can deliver with SharePoint, Reporting and Analytic Services, etc.
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Labor Cost Management - Since 60-70% of your cost is labor, consider the intelligent implementation of Time & Attendance with your HR/Payroll system to reduce labor costs and simplify maintenance - without headcount reductions (1-5% of payroll has been achieved)
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Electronic Equipment Maintenance - reduce your spend by 10-20% on the contract maintenance of electronic equipment by considering creative arrangements for almost anything that plugs into the wall
I will share some detail on several of these in subsequent posts.
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And although I don’t think QJ would reach Chuck’s popularity status right away, I’d assume he could get quite the healthy sponsorship from Xyience, especially if he beats Chuck. I know Rampage makes nice money in Pride, but coming back to fight in the states and for the UFC has greater opportunities than straight cash by the fights. Rampage probably couldn’t make the supposed 2-3 million that Chuck is making w/ all his sponsorships by QJ staying in Pride. He’ll never become a national star in the US that could branch out into other opportunities - movies, shows, etc, that all provide additional forms of income as well.