Have will be you reduce Production cost ?

Question

Accepted Answer

To reduce production cost, I would focus on optimizing processes, improving efficiency, and sourcing materials at lower costs.

Implement lean manufacturing principles to eliminate waste and improve productivity.
Invest in automation and technology to streamline operations and reduce labor costs.
Negotiate with suppliers to secure better pricing and explore alternative sourcing options.
Conduct regular cost analysis to identify areas for cost reduction and implement cost-saving measures.
Train and empower employees to identify and implement process improvements.
Implement energy-saving measures to reduce utility costs.
Optimize inventory management to minimize carrying costs and reduce waste.
Explore outsourcing options for non-core activities to reduce overhead expenses.

Accepted Answer

1, Have to  increased production target with present available machine facilities , manpower, and  minimum wastage % .

Top HR questions asked in Oswal Extrusion Deputy General Manager Production