Saving of Cost: 8 Areas | Cost Control

Following are some of the areas, in which saving can be done as discussed: 1. Materials 2. Machinability 3. Tolerances 4. Fewer Parts 5. Tool Design 6. Make or Buy 7. Increase Productivity 8. Distribution System. Area # 1. Materials: In order to reduce the cost of the product, materials of lower or different quality which will not affect the [...]