Friday, August 7, 2020

Decrease the Total Cost of Ownership by identifying cost drivers first.

 

 

 

 

 

Decrease the Total Cost of Ownership by identifying cost drivers first.


Identify your cost drivers first. These are your significant cost factors that drive the cost of a material or service. Then concentrate on the costs that are usually reduced or eliminated by faster cycle time but often forgotten in the rush. Measure areas in which processes got simpler and training costs were decreased.

 

 

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