How to save cost in manufacturing industry 
Tip Sheet Credibility: 28
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Tip Sheet
| procurement cost can be reduced by using e- procurement methods Tip Credibility: 73 (Best Tip!) |
| reduce logistics administrative cost through automation/software. Tip Credibility: 4 |
| Implement Lean Manufacturing. It's all about eliminating wastes (non value adding activities). The most important wastes are overproduction, excess transportation, excess inventory, excess processing, waiting, rework and motion. Tip Credibility: 4 |
| procurement cost can be reduced by going on for annual rate contracts Tip Credibility: 3 |
| Areas where we can have substantial cost savings are
procurement
energy
packaging
waste reduction
outsourcing
log on to www.factory-CostReduction.com Tip Credibility: 2 |
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