Successful cost reduction methodologies: World leading manufactures highlight tools and techniques for achieving major cost reduction

Abstract

As more manufactures struggle with global markets, competition from “low cost” countries, and faltering home economies, the attention of many manufacturers has naturally turned to cost and waste reduction. Yet, while major quality and productivity benefits are being generated in many companies through the adoption of “lean” and Six Sigma practices, even when successful these can only be a part of the solution.

Citation

(2004), "Successful cost reduction methodologies: World leading manufactures highlight tools and techniques for achieving major cost reduction", Strategic Direction, Vol. 20 No. 4, pp. 31-33. https://doi.org/10.1108/02580540410527520