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How to Make Your Business More Efficient

by Hazel Jones
Australian Sourcing Company

In business, ‘good enough’ is not good enough. To be successful, your company needs to be firing on all cylinders. You need the right marketing strategies and the appropriate business model. If you sell products, you also need a suitable manufacturer and a good distribution method.

Put simply, your business needs to be efficient in almost everything that it does. To do this, you might hire a sourcing services company, outsource your customer service team or automate certain parts of your workflow.

Since there’s so many ways to improve your business operations, you might find that it’s quite an overwhelming endeavour. As a small business, where should you start? How do you know if you’re starting at the right place?

To help you out, we’re going to go over four simple ways to make your business more efficient.

  1. Invest in procurement and sourcing services

Working with third-party suppliers can be difficult. You have to keep track of their prices and evaluate whether or not the quality of their products is up to par. On top of that, you also need to consider shipping costs and importing fees. If you work with multiple suppliers, this task only becomes exponentially more complicated.

For small businesses, the procurement aspect alone is enough to make or break a company. After all, for product-based enterprises, being able to meet consumer demand is key.

Luckily, with the help of sourcing companies, this entire outsource procurement process can be simplified. Most sourcing companies have strong professional relationships with multiple suppliers all over the world. This means you’ll be able to procure all the high-quality products that you need from a single sourcing agent. In a lot of cases, a sourcing company’s industry connections can also lead to lower prices on certain products.

So, whether you require branded products or manufacturing parts, sourcing companies can be a great way to make your business more efficient.

Outsource Procurement
  1. Automate

If you find yourself doing a repetitive task, chances are, there’s a machine or program out there that can do it for you. Automation is an important part of any business regardless of the industry. Indeed, manufacturing plants and digital marketing agencies can both benefit from automating parts of their workflow.

For example, in social media marketing, being able to schedule posts is crucial to maintaining audience engagement. Scheduling allows you to automatically upload dozens of posts on specific dates and times. If you have a business that works with clients in different time zones, this scheduling feature can be extremely useful.

On Facebook, posts can be scheduled via an in-app feature. On apps like TikTok, however, you might have to use a third-party app to schedule posts.

In the manufacturing field, automation is not a new concept. Indeed, automated production lines have been a mainstay in the industry since the industrial revolution. However, a lot has changed in the centuries that have passed since then. Nowadays, with CAD programs and the domestication of 3D printers, small businesses can now automate a large part of their operations. For example, digital sculptors can create physical copies of their work and sell them on Etsy and other art sites.

  1. Go digital

If you want your business to be future proof, going digital is the way. It’s better for record-keeping and it has less of an adverse effect on the environment.

One of the other advantages of going digital is the possibility of online collaborations. In the fields of online content creation and game development, there are plenty of teams that have members in different continents. Yet, through programs like Microsoft Teams, Discord, GitHub and WordPress CMS, they’re still able to collaborate and finish projects on time. Moreover, now that more and more people are working from home, the digital channels mentioned above have almost become a necessity.

Also, according to a study from the North Carolina State University, ‘one metric ton of paper product created a production weighted average of 942 kg of carbon dioxide.’ So, by going digital and lessening your use of paper and ink, you’re effectively doing your part in reducing carbon emissions.

  1. Learn to delegate

As a motivated business owner, chances are, you get uncomfortable with the idea of entrusting a part of your business to someone else. Unfortunately, this discomfort is what often leads to micro-management and employee dissatisfaction.

If you want to have a successful business, it’s important to delegate tasks properly. To do this, you need to understand each of your team members. What are their strengths? What aspects of their job do they need to improve on? By getting to know your colleagues better, you’ll know what kind of tasks they’ll be able to manage by themselves. The process of getting to know your team members also builds trust and camaraderie.

Not only does delegation lead to a smoother workflow, it also gives your team an opportunity to learn and grow. In the long run, this growth is only going to help your business develop further.

There you have it, four ways to make your business more efficient. If you want to be successful in your industry, it’s all about doing the little things right. With just a little bit of attention to detail, you should be able to put your company in a position to grow and expand.

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