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Cost reduction

Cost reduction is the process used by organisations aiming to reduce their costs and increase their profits, or to accommodate reduced income. Depending on a company’s services or products, the strategies can vary. Every decision in the product development process affects cost: design is typically considered to account for 70–80% of the final cost of a…

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Examples of cost reduction strategies and programmes

DeloitteFTSE 100ProfitabilityChief Executive OfficerStaff
35 related topics

Importance

CompetitionPriceBusiness goals
3 related topics

Overview

CostsIncreaseProfitsServicesProducts
9 related topics

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Overview

Importance

Examples of cost reduction strategies and programmes

Advanced semantic analysis

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Map overview Semantic statistics

Cost reduction

Nodes51
Edges50
Triples40
Avg. degree1.96
Density0.039216
Components1

How this topic connects Entity context

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Cost reduction

Top relations

related to Commercial businesses · 17
Cost reduction → ABC, British, Chief Executive Officer, Component, Consultants Deloitte, Cost, Deloitte's, Design, Doherty, FTSE, Half, Incorporation, Peter Turney, Product, Reductions, Some, Value
related to Further reading · 14
Cost reduction → Apichart Jearasatit, Barrett, Bryan, Cost, Crane, Cycle, Lock-gray-alt-2, Lock-green, Lock-red-alt-2, MIT DSpace, Parks, Thesis, Using, Wikisource-logo
related to Public sector · 4
Cost reduction → Centralisation, In, One, United Kingdom
related to Importance · 3
Cost reduction → Companies, Cost, The
is a · 1
Cost reduction → process used by organisations aiming to reduce their costs and increase their profits

Important terminology Word statistics

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Important terminology

cost reduction business reduce costs product public sector design used strategies services companies process reduced income staff manufacturing hdl examples

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Cost reductionis aprocess used by organisations aiming to reduce their costs and increase their profits0.90text
an engineering project or the construction of a buildinginstance ofof the final cost of a project0.80text
Cost reductionrelated to Commercial businessesConsultants Deloitte0.60section
Cost reductionrelated to Commercial businessesFTSE0.60section
Cost reductionrelated to Commercial businessesCost0.60section
Cost reductionrelated to Commercial businessesChief Executive Officer0.60section
Cost reductionrelated to Commercial businessesSome0.60section
Cost reductionrelated to Commercial businessesReductions0.60section
Cost reductionrelated to Commercial businessesDoherty0.60section
Cost reductionrelated to Commercial businessesComponent0.60section
Cost reductionrelated to Commercial businessesValue0.60section
Cost reductionrelated to Commercial businessesDesign0.60section

Related concept clusters Concept neighborhoods

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    Min side: 3
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