Cost Reduction and Optimization for Manufacturing and Industrial Companies

In today’s economic climate, the need to cut costs can be the difference between success and failure. Cost Reduction and Optimization for Manufacturing and Industrial Companiescovers all major cost reduction areas, providing easy to read examples and advice on steps to take. It provides the roadmap for implementing recommended actions with true and tried methods by taking a modern, all-inclusive look at manufacturing processes. Based on the author’s cost reduction experience gained during 30 years of senior operations and consulting engagements with hundreds of organizations, this book includes easy-to-understand and easy-to-implement cost reduction concepts organized into five general areas --labor, material, design, process, and overhead. Each chapter: • Dives into a cost reduction area and starts with the bottom line first by summarizing key points • Provides proven tactics for cutting costs without a lot of extraneous data • Follows a qualitative and design-oriented approach • Emphasizes quick implementation and measurable cost reduction • Identifies who in the organization should do the work • Outlines risks and suggested risk mitigation actions • Contains numerous tables, graphs, and photos to show the concepts described in the book.