Cost reduction in Low-cost Emerging Economies for Sustainable Growth - Principles, Processes, Tools & Techniques Divgi Warner Private Limited

Format:

Conference/Event

Author/Creator:

Kulkarni, Kulkarni, author.

Contributor:

Deore, Pankaj

Conference Name:

SAE 2015 Commercial Vehicle Engineering Congress (2015-10-06 : Rosemont, Illinois, United States)

Language:

English

Physical Description:

1 online resource

Place of Publication:

Warrendale, PA SAE International 2015

Summary:

AbstractCost-reduction and cost competitiveness have emerged as major strategic tools to an enterprise and are being used all over the world to fight for survival as well as maintain sustainable growth. Maximization of value-creation by enriching the planet, people and the economy should be the key drivers leading to cost-reduction strategies in any business.The main objectives of this paper are to explain the Processes and Principles of Cost-reduction in technology-transfer to low-cost emerging economies to achieve sustainable cost-reduction and create a culture of cost-consciousness throughout an organization.DivgiWarner has not only designed and developed but has also been practicing unique processes of cost-reduction utilizing various tools as,Cost-reduction is planned, measured and reported with the following three indicators being constantly kept in perspective:Cost-reduction achieved for sustainable growth without compromising on the quality of products, and keeping the customer and supplier-base intact and an increase in the top-line on a yearly basis in line with increase in markets and economies.For it to be achieved, cost-reduction has to be considered as a strategic and not just a tactical approach to overall cost-reduction efforts

Notes:

Vendor supplied data

Publisher Number:

2015-01-2865

Access Restriction:

Restricted for use by site license