Operation Cost Reduction

Benefits

• Meaning Of Cost Reduction: Cash reduction is planful positive approach to reduce expenditure
• Cost reduction increases profits
• Cost reduction will provide money for label welfare skills. Hence improve main management relationship
• Cost reduction will help in making goods available to the customers at cheaper rates. This will create more demand for the products, economies of large scale production more employment through industrialization
• Cost reduction will helpful in meeting competition effectively
• As a result of reduction in cost export price may be lowered.

What We Do For Operation Cost Reduction:

• Budgetary Control
• Standard Costing
• Standardization of products, tools and equipment
• Use cloud base communication system
• Simplify operations
• Improve supply chain management
• Inventory control
• Effective productions planning and control
• Semi automisation for effective control on operation
• Plan and control finance
• Effective quality control and measurement
• Job evaluation and merit rating
• Effective labour and material control

Operation Cost Reduction Procedure:

• Identified in detail to business department wise
• Each work wise department flow analysis
• Identified gaps and development opportunities
• Start and complete modifications projects
• Use lean manufacturing tools and techniques for cost reduction
• Use six sigma for problem tools. Solving better work flow
• Control final development