
Manage Time:
Set Up Timing to Use Discounts
The planning and timing of many activities can be coordinated to take advantage of savings and discounts that are available. Designing a process to take advantage of available discounts can save money and reduce operating costs. An organization must have a system in place to take advantage of such opportunities. For example, taking advantage of available discounts on invoices offered by suppliers for paying bills within 10 days of the invoice date requires a system that can process an invoice and cut a check within the discount period. Other opportunities to apply this change concept require a process that is flexible in design, and knowledge of the opportunity to take advantage of the timing discount.
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