In return for better-structured, more efficient processes, costs can begin to get out of hand.
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It will then use that advantage to build share, improve products, streamline processes, cut costs and achieve virtually unassailable advantage.
Precisia's president, James Rohrkemper, believes that the use of conductive inks and high-speed printing processes could cut antenna costs by 50%.
That union, says Esteban Kolsky of Gartner, a consultancy, is now doing for the service sector what mass production once did for manufacturing: automating processes and significantly cutting costs.
Secondly, we can target "knowledge outsourcing" and build a niche in that area, by undertaking to put our knowledge in solving costly processes for which knowledge costs in western economies are simply too much to sustain.
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These multi-billion dollar industries have enabled companies to remove huge costs by standardizing processes, and essentially taking people OUT of the equation.
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The Indian model, which is, roughly, to apply unassuming brainpower to take costs out of processes (and, increasingly, products), is the latest rage.
His positive stance is based in part on the increasing efforts at simplifying back-office processes, lower raw material costs, and a better business mix.
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Additionally, you could find opportunities to reduce costs, streamline processes or enhance customer loyalty, thus adding tangible value that could literally make you indispensable.
At this time all of our bases and headquarters have their own separate IT infrastructure and processes, which drive up costs and create cyber vulnerabilities.
Dr Reddy's may automate more processes to hedge against rising labour costs.
We also need to invest in cutting-edge advanced manufacturing capabilities and shared technology infrastructure that would help U.S. companies cut costs and improve manufacturing processes.
Peugeot, in contrast, is weak all around the world, though in Europe it has done much to cut costs, improve manufacturing processes and diversify with new products.
Maybe it's time (once in a blue moon) for a high-level bipartisan commission--televised and transparent--to review the science, the costs and the regulatory processes, taking into account the national interest.
The current US system has little slack because processes are extremely complex with huge fixed costs and unlimited liability.
Thus, IT should refocus on innovation as a way to improve performance and processes, remove operational risks and reduce costs.
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The company also made efficiency improvements in its production processes, which generally leads to lower overhead costs.
Brian Krzanich, Intel's vice-president of manufacturing, says labour costs are an important consideration in processes such as assembling and testing systems, which are carried out in Costa Rica, Vietnam, China and Malaysia.
It has also been accompanied by ever-heavier administrative burdens, as health plans have demanded elaborate book-keeping and adherence to complex approval processes for new treatments, raising doctors' costs just as their income is falling.
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Ford pushed suppliers to develop closed-loop manufacturing processes, which had the added benefit of lowering costs.
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But now we come to what I think is the problem: they are measuring the costs of the negative externalities of these processes.
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It also will modify supply chain processes throughout the company with an aim toward cutting Best Buy costs.
Strategic outsourcing services of IBM are aimed at providing services and insights to clients that enable them to reduce costs and improve productivity and efficiency through outsourcing of processes and operations.
Nanotech also allows for "green manufacturing"--manufacturing processes that can take place at ordinary temperatures, reducing energy costs, while the use of non-toxic catalysts minimize pollution and bottom-up construction leaves no wasted material behind.
OptumRx : A pharmacy benefits management business which processes prescription drugs for its customers and helps them get drugs at reduced costs.
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As part of its mid-term strategic initiatives announced in April 2012, Sony identified resource optimization as one of the key initiatives for transforming its electronics business and Sony has since been progressively implementing various structural reform measures to optimize costs, streamline its overall organization, accelerate decision-making processes and establish firm foundations for sustainable future growth.
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Companies large and small, many that didn't even have e-mail a few years ago, are increasingly exploiting the Internet to reach new customers around the world fast - as well as to cut costs, shorten delivery time, and even re-engineer fundamental processes.
Meanwhile, it leaned on suppliers' engineers for suggestions on how to cut costs by 30%--by using cheaper materials or changing manufacturing processes, for instance.
Like many chemical companies, Huntsman suffered from rapidly escalating petroleum costs, which is used as a raw material, to power its processes and transport its goods.
The good news is that, just as businesses are transforming their processes by investing in technologies such as cloud computing and big data analytics to lower operating costs, increase quality, make better decisions, and boost productivity, schools can do the same.
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