Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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Spot reduction refers to the fallacy that fat can be targeted for reduction from a specific area of the body and that it can be achieved through exercise of specific muscles in the desired area‚ such as exercising the abdominal muscles in an effort to lose weight in or around one’s midsection. If anyone who said that you should do a certain exercise to burn the fats in a specific area‚ DO NOT take any more advise from that person. There have been many studies that shows spot reduction is not possible
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LEAD TIME REDUCTION METHODS Ing. Ivana Simeonovova‚ doc. Ing. Simeon Simeonov‚ CSc. Institute of Production Machines‚ Systems and Robotics Faculty of Mechanical Engineering Brno University of Technology e-mail: y78756@stud.fme.vutbr.cz‚ simeonov@fme.vutbr.cz This paper describes methods for reducing the lead time in manufacturing systems. In general‚ there are many methods for reduction of lead time‚ various methods are described in this article. For many manufacturing enterprises is shortening the
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Sodium borohydride Reduction of Benzil Introduction: The Purpose of this experiment is for the students to learn how to use sodium borohydride to reduce benzil to its secondary alcohol product via reduction reaction. This two-step reaction reduces aldehydes by hydrides to primary alcohols‚ and ketones to secondary alcohols. In order for the reaction to occur and to better control the stereochemistry and yield of the product‚ the metal hydride nucleophile of the reducing agents such as LiH‚ LiAlH4
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production and labor markets is leading to increasing outsourcing of parts‚ components‚ and services • the drive towards market liberalization has rapidly accelerated the pace of globalization during the past decade. From Globalization to Poverty Reduction ………. • The whole process is predicated on increased efficiency arising out of the international competition. • Requires the poor to constantly seek to improve their skills and human capital. • Investment in Quality control and standards • This also
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Futronics – Cost Reduction Analysis As playing the part of Steve‚ I would first like to thank you for the opportunity to take on this important task that will help to shape the future here at Futronics. This analysis will bring you the different benefits for outsourcing weighed against those for maintaining our current central stores. It will also‚ in turn‚ provide you with the disadvantages for each option. We can first start with the option of outsourcing. We have collected proposals from five
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THE DEGREE OF RISK REDUCTION IN DIVERSIFICATION According to Roberts (2004‚ p214)‚ diversification is when several businesses are combined under one ownership for the singular aim of reducing risk. The combination of all the businesses is less risky than individual businesses standing alone. According to Chandler (1959)‚ there are three types of diversification: 1. Full line – company manufacture‚ market and control supplies of its single line of product‚ that is‚ the company has manufacture
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Critical Analysis of Literature Review Reduction Technique of Water Evaporation Introduction When water evaporates from water storages it becomes a major issue that affects regions of agriculture in most lands leading to annual loss exceeding potentially to 40 precent and more of water storage. This water which is lost leads to reduction of productivity in agriculture affecting the environment adversely. Literature review has been developed on the same by various researchers
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------------------------------------------------- ASSIGNMENT ON COST CONTROL AND COST REDUCTION ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
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misinterpretations. With this in mind‚ is intuition always reliable? And how does one determine whether or not to trust that gut feeling? Two types of intuition are used when confronted with a problem: educated and uneducated intuition. Although tuition involves little thinking and processing in the mind‚ there is still the possibility of scanning over a “file” that is relevant to the
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