Cost reduction and optimization for manufacturing and industrial companies / Joseph Berk

Includes bibliographical references and index

Organizing a cost-reduction program -- Defining headcount and controlling staff growth -- Developing and implementing time standards -- Measuring and using efficiency -- Assessing machine utilization -- Controlling overtime -- Making multiple shifts productive -- Finding and reducing lost time -- Using the learning curve to drive costs down -- Make-versus-buy determinations -- Inventory minimization -- Material utilization -- Minimizing supplier costs -- Supplier negotiation -- Supplier competition -- Workflow optimization -- Setup time reduction -- Material-handling improvements -- Scrap and rework reduction -- Work center cleanliness -- The design approach -- Requirements relaxation -- Tolerance relaxation -- Materials substitution -- Packaging -- General overhead expenses -- Travel -- Inspection -- Suggestion programs -- Measuring progress