Cost Reduction Done Right
Six steps to lower costs
Too often cost reduction is done hastily as a reaction to external forces such as changed market conditions, new or stronger competitors, and commodity prices. It stands to reason then that it's often referred to as cost cutting, a term more reflective of the haphazard approach applied in those situations rather than a structured and systematic method.
You will learn how to:
- Not throw the baby out with the bathwater
- Understand how and where costs are generated
- Understand where the highest costs are and where they can be safely reduced
- ... and where you shouldn't save costs