From the course: Cost Reduction Tips - How To Cut Costs And Maximize Profits

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Wrap up

Wrap up

From the course: Cost Reduction Tips - How To Cut Costs And Maximize Profits

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Wrap up

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- So that's the end of that part of the course. We've ranged over some pretty big tricky ideas. We've looked at things like stock, purchasing, whether to use subcontractors, queue lengths, quality, bottlenecks, utilization of resources, marketing and culture as well. So we've looked at all kinds of things there and I'm just hoping that something in there will trigger a thought and you'll be thinking, yeah absolutely, we really should do something about that. We should measure our utilization, or we should improve our quality. So that's the end of that section. What I'm going to cover next is a summary of all the things that you should measure and all the key areas that you should target.

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