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Cost Reduction Possibility Services Hyderabad
COST REDUCTION POSSIBILITIES that would boost profits, cut losses and improve
productivity of the manufacturing unit whether Big, Medium or Small. Ideas which are easy
to understand & Implement.Each idea has potential of saving upto 20-30%.
Cost reduction possibilities can be achieved through reduction, elimination , manufacturing activity. thorough analysis the best and least cost path is adopted for each activity. The best method to thorough analysis the best and least cost path is adopted for each activity. The best method to
achieve results are to bench mark operating parameters to world class companies .This drives
every One to match or even surpass these figures.
The major parameters for any manufacturing unit
Cost per unit ($/unit)
Man-hours/unit
Units produced/unit time
Break down time (%)
Change over time ( min/hrs )
Waste (%)
Defectives (%)
Fuel consumption (k therms/unit)
Electricity consumption (kwh/unit)
Water consumption ( kltrs /unit )
Inventory turnover ( %)
Lead time (min/hrs / days)
Why cost reduction
Profits
Waste reduction
Increase productivity
Competition
Resource conservation
Image enhancement
Where to implement cost reduction
Areas for cost reduction are
Raw material procurement
Logistics - inbound and outbound
Production ( process, time and work study, maintenance, automation)
Energy
Human resource ( out sourcing )
Sales & marketing
Finance
How?
In today’s competitive world Corporates and businesses are struggling to maintain profits
and healthy bottom lines. Cost of production, fuel, raw material and human resources is
rising each year. These developments has prompted people to look for Cost reduction
Possibilities & methods. Those who have opted for focused cost reduction strategies have
survived those who could not managed have perished .In recent economic down turn it
becomes more important to make cost reduction Possibilities a major initiative in industry.
Companies are finding it difficult to retain people and are laying off people which is un
precedented in recent history of industrial recession. Companies have to develop its own cost
reduction program for savings without cutting jobs .
