In any plant, when production increases above planned-for levels — whether due to sudden increased demand or unexpected constraints in the system — contract labor may be brought in as a quick fix. While this provides some flexibility in operations, increased labor costs is a problem. Six Sigma can be used to optimize these changing labor costs and the accompanying productivity concerns. Cost accounting principles are also applied to these productivity improvements.
How Supplier Identification Helped a Global Retail Company with Cost Reduction
Cost Reduction Initiatives | Case Studies | PM Solutions
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7 mini case studies: successful supply chain cost-reduction and management
The savings we deliver are based on actual findings and our success is measured from those results. Below are a few representative cost reduction case studies from the many corporations and private equity portfolio companies we serve. The ACC Team was asked by a regional hospital to review a long-term relationship with their insurance broker. Our Subject Matter Experts examined the policy and eliminated specific coverage gaps and duplication. With the rise of e-readers and tablets, publishing companies are getting leaner to survive.
Fiercely competitive market pricing by the Japanese and other rival consumer electronics manufacturers places extreme pressure on margins. To reduce costs and maintain margins, company must bring about global standardization so as to better leverage worldwide economies of scale. In its effort to reduce the integral cost of each TV component — and thereby, total TV cost — company embarks on a component-by-component, team-based, analytical approach, using the services of Gagnon Associates. Over a period of two and a half years, cross-functional teams working with Gagnon Associates consulting support identify significant cost-reduction opportunities across all components, e.