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Methods of cost reduction in an organization

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Study an organization of your choice and recommend methods to reduce costs. What effects do technologies have on costs? What are some lower cost sources the organization may utilize to reduce cost?

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Solution Summary

This solution highlights ways to reduce cost in an organization. It also discusses the effect of technology on cost. In addition, the solution looks at some lower cost sources the organization may utilize to reduce cost.

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a) Identify an organization of your choice and recommend methods to reduce costs.

Below are some of the ways that KVS manufacturing can reduce cost:
1. Reduce waste in it manufacturing processes
2. Implement lean systems plantwide
3. Improve machine's up-time resulting in improved ...

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Edwin Sinclar, MBA
Education
  • MBA, Aspen University
  • Bachelor of Science , Berea College
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