The goal of every business organization is to increase its profit. How to increase profit depends on its volume of sale and profit margins. Volume of sale depends on Global Competitiveness of product, which can be improved by reducing price. Organizations need to fix a price which is competitive as well profitable., that is possible by reducing production cost. Conventional cost management techniques are no more capable to reduce cost to beat the global competition.
Radical Cost reduction is a unique innovative technique to reduce cost by using three most powerful problem solving techniques: Theory of Constraints, Lean and Six Sigma.
Radical Cost Reduction is implemented through 7 radical steps:
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Author of 15 Books on Lean, TQM, Cost Reduction, Spirituality and Steel Technology.
Develop Cost Reduction Skill of people.
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