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Cost Reduction

The challenge is decreasing overhead and production costs to gain competitiveness in the market

Efficient management means to detect a context quickly and skillfully. Photo: Claudia Hautumm / pixelio.de
  • Every business must operate profitably to enjoy long term success
  • Identification of potential savings across the company is crucial
  • Optimizing of processes in terms of quantity and quality
  • Improving supplier’s performance in quality and cost terms
  • Increasing of the TCO (Total Costs of Ownership) in regard of cost awareness

In today’s environment, companies are subject to significant cost pressures

  • “Buying” based only on price and condition comparison, costs companies millions of euros every day
  • Ad hoc buying is not efficient in meeting today’s economic demands
  • In many companies, purchasing often only focuses on the necessary materials for manufacturing
  • Indirect costs are excluded in many cases leaving significant potential for savings