Is your company facing increasing pressure to reduce cost? Make cost reduction part of your DNA, not just a one time event. Continuous cost improvement WILL provide financial return year after year
Cost Reduction Opportunities
Cost reduction can result in significant product, manufacturing, and life cycle cost savings, creating sign impact to the bottom line of your company. Like any other continuous improvement activity, it requires commitment from every level of an organization. It is also important to have a strategy of how to manage costs through the supply chain. Like any other aspect of your company where strategies are being developed around products introduction, growth, market penetrations, and commodity strategies, cost reduction strategies deserve it’s own plan.