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Companies looking to streamline supply chains should look no further than their storage shelves, where innovations in inventory management can increase efficiency, and reduce long-term costs.
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Various techniques have been adopted in a bid to increase efficiency in the public sector and reduce costs by transferring management control to profit-motivated private firms.
ECONOMIST: Japan
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That is a recommendation you might expect from a management consultancy, but no less valid for that: part of the recent increase in efficiency in Brazil's car plants, for example, comes from introducing work teams and re-designing production lines.
ECONOMIST: Measuring productivity