Hotel Operating Cost Reduction - PKS 4Ms plus PACT Framework
10
Hotel Cost Reduction 4M plus PACT framework Conceived–Developed by: PKS Management Consultants Bangalore Service Tax Regd. No. AYMPS8310HSD001
-
Upload
pramod-kumar-srivastava -
Category
Business
-
view
137 -
download
0
Transcript of Hotel Operating Cost Reduction - PKS 4Ms plus PACT Framework
Hotel Cost Reduction 4M plus PACT framework
Conceived–Developed by:
PKS Management ConsultantsBangalore
Service Tax Regd. No. AYMPS8310HSD001
Problem statement
Cost in running a hotel is too much.
Conventional Methods
• Reduce the cost involved in 4 Ms
CONVENTIONAL APPROACH
4Ms
MAN
MARKETING
MATERIAL
MACHINE
PKS approach
PROCESS
ANALYTICS
CULTURETECHNOLOGY
CONVENTIONAL APPROACH
4Ms
MAN
MARKETING
MATERIAL
MACHINE
Description of
4Ms plus PACTFramework
Going beyond conventional
• In addition to conventional 4 Ms, we consider Process, Analytics, Culture and Technology also.
A example of cost cutting
Employee Attriotn Old Total Cost (5 Lakhs / Qtr)
Attrition Rate 40 %
Implementation of Cost Reduction
Strategies
Employee AttritionNew Total Cost(4 Lakhs / Qtr)
Attrition Rate 30 %
Saving 1 Lakh /
Qtr
Looking for help in reducing the cost of running your hotel?
We can help!!
An artefact of
PKS Management Consultants+91 – 97411 94285
# 9, Site No. 14/15 B, 1st Vivekanda LayoutOuter Ring Road, Marathalli
Bangalore -560037
pramod@pksmanagementconsultants.comwww.pksmanagementconsultants.com
Images courtesy: Google, with respective trademarks
Thanks!!
