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Reducing Total Cost in Hi-Tech electronics companies - A systematic, new line of attack
Companies in hypercompetitive Hi-tech electronics and consumer goods industry have to be very cost
competitive. Several incremental and disruptive management strategies and tactics have been tried out.
Operations - ranging from manufacturing to prototype design and build - have been outsourced, thus
minimizing structural costs of prototyping, volume production and even design. However, the demand for
further cost improvements (with no impact on Sales or Service) has only intensified. Global market
demands (especially slowdown in demand) and price-based competition are putting increasing pressure
on executives to improve profitability by further reducing costs. However, this round of cost improvement
will have to be fuelled by innovation and cannot be addressed by reactive approaches alone (downsizing,
asset write-offs/ write-downs, etc.). This white-paper outlines a new approach and a set of management
tools that companies can deploy immediately.
Download now >>
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