Low Cost Producers and Cost Efficiency
The various costs involved in manufacturing of the product could be reduced in a company and can be achieved by applying certain strategies. These strategies include the centralization of the purchase department in the Loughborough branch compared to its offshore plant. The centralisation will have a considerable effect on cost. Assignment modelling technique also works well in which cost efficiency could be achieved. (1)The company has a centralised structure for the personal and purchasing departments. The personal department has a […]