How To Reduce Operational COSTS (OPEX)
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This episode is about How To Reduce Operational COSTS (OPEX).

Here's a summary of what I will talk about:

• Operational cost reduction strategies

• 1. Identifying areas to reduce operational cost
• 2. Conduct a cost analysis for all areas of the business
• 3. Prioritize areas for operational cost reduction

• 16 Ways to reduce operational cost

• 1. Automation
• 2. Streamlining processes
• 3. Eliminating waste
• 4. Negotiating with vendors and promoting competition
• 5. Reviewing insurance policies
• 6. Reducing energy consumption
• 7. Promote remote work
• 8. Digital transformation
• 9. Implement Industry 4.0
• 10. Outsource secondary activities
• 11. Cancel unused subscriptions
• 12. Improve sustainability
• 13. Prefer online marketing
• 14. Reduce business travel
• 15. Leverage internships
• 16. Pay the bills before the deadline

• Why is it important to reduce operating costs?

Learn more about how to reduce operational costs) on the Sustainability Success website!