Reducing waste is an essential consideration for many businesses. It’s not only an essential sustainability factor but one that can directly impact the balance books with financial benefits awaiting forward-thinking companies.
Engineering is an essential component of manufacturing, meaning streamlining directly impacts various measures of success. From saving money to enhancing productivity, manufacturing companies can make noticeable improvements with the right considerations for process optimisation.
Thanks to ever-rising supply prices; this task is essential for many as it’s often the only way to boost profits and ensure that projects end with positive capital. Reducing costs is also the key to remaining when other costs are spiralling, as not all companies will have the know-how to make sustainable and quantifiable change.
Irish company CMP Solutions have today announced the launch of their business. A South Tipperary based company supporting businesses in achieving significant cost reduction, CMP Solutions provide a range of services from engineering and design to leadership and operational excellence.
Product (and/or process) lifecycle is the time from initial concept to retirement of a given product. There is a significant level of activity occurs in the intervening period, much of which happens before the product ever comes to market. There is a lot of literature out there that breaks this activity into four very broad categories; Introduction, Growth, Maturity and Decline.
In order to remain competitive in the ever-evolving and challenging business environment, companies need to deliver year-on-year cost savings that are sustainable and don't negatively impact on company performance. However, this is easier said than done. There are a lot of considerations when approaching a cost reduction journey, namely what do you focus on?
