Cost avoidance is better than cost reduction

[vc_row][vc_column][vc_column_text] According to Arno Hiller [1], an authority in Product Cost Management: Controlling costs is a challenge for manufacturing companies. The two strategies for controlling costs are “cost avoidance” and “cost reduction.” Most companies focus on cost reduction, instead of cost avoidance. Solely focusing on cost...

The Value of Simplicity – #1 Process Harmonization

Lorem ipsum dolor sit amet, nec in adipiscing purus luctus, urna pellentesque fringilla vel, non sed arcu integer, mauris ullamcorper ante ut non torquent. Justo praesent, vivamus eleifend torquent, suspendisse etiam lorem vestibulum, vestibulum in lorem nec vel, sit curabitur dui ligula vehicula quam. Nec...

The Art of Business Simplification

Lorem ipsum dolor sit amet, nec in adipiscing purus luctus, urna pellentesque fringilla vel, non sed arcu integer, mauris ullamcorper ante ut non torquent. Justo praesent, vivamus eleifend torquent, suspendisse etiam lorem vestibulum, vestibulum in lorem nec vel, sit curabitur dui ligula vehicula quam. Nec...

Apparel brand Gap Inc. pushes for more supplier transparency

Lorem ipsum dolor sit amet, nec in adipiscing purus luctus, urna pellentesque fringilla vel, non sed arcu integer, mauris ullamcorper ante ut non torquent. Justo praesent, vivamus eleifend torquent, suspendisse etiam lorem vestibulum, vestibulum in lorem nec vel, sit curabitur dui ligula vehicula quam. Nec...

SSIA SCM Forum 2016 – New Metrics, New Opportunities

Lorem ipsum dolor sit amet, nec in adipiscing purus luctus, urna pellentesque fringilla vel, non sed arcu integer, mauris ullamcorper ante ut non torquent. Justo praesent, vivamus eleifend torquent, suspendisse etiam lorem vestibulum, vestibulum in lorem nec vel, sit curabitur dui ligula vehicula quam. Nec...