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Topic:cost reduction

cost reduction

Since 2021, aggregated from related topics

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    Cost reduction is a research area focused on identifying, analyzing, and implementing strategies to decrease expenses and improve the efficiency of operations within a business or organization. This can involve streamlining processes, negotiating better deals with suppliers, eliminating waste, optimizing resource allocation, and reducing overhead costs. The goal of cost reduction research is to increase profitability, competitiveness, and sustainability by finding ways to lower expenses without sacrificing quality or customer satisfaction.

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