Cost Management Strategies for Modern Manufacturing Companies

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Added on 2022/11/07

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AI Summary

This article discusses the five cost reduction or management strategies for modern manufacturing companies to reduce costs and increase global competitiveness. The strategies include analyzing costs, price shopping for suppliers, outsourcing options, vertical integration, and catalog reduction. The article also highlights the importance of cost classification and balancing in cost management. The document type is a critical review letter, and the type of assignment is not mentioned. The subject is cost management, and the course code, course name, and college/university are not mentioned.

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Cost Management Strategies for Modern Manufacturing Companies

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