Manufacturing Magazine February 2018 | Page 37

VISIBILITY

A single granular view of all cost elements and overall performance with an integrated set of optimisation levers lowers variable manufacturing and logistics costs as well as fixed costs .

COST-CONSCIOUS CULTURE

Hunting for isolated savings gives way to incorporating cost-cuts into the budget and establishes accountability and transparency to create a cost-conscious culture .

FUTURE FOCUSED

Instead of reducing costs by
an arbitrary percentage based on historical data , companies start at a zero base , asking what costs should be based on market realities and future needs .

STRETCH PERFORMANCE

By creating benchmarks using digital technologies and sustainability strategies , companies can stretch organisational performance and targets aligned with growth goals .
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