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CUSTOMIZE YOUR LEARNING
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TIME COMMITMENT
10 sec
2 min
5 min
15 min
1 hr
3 hours
8 hours
1k hrs
YOUR LEVEL
beginner
some_idea
confident
expert
LET'S Start Learning
New Course
Concept
Cost Reduction
Cost reduction
involves
strategies and actions
aimed at
decreasing a company's expenses
to
improve profitability
without compromising
product quality
or performance. It requires a
thorough analysis
of all
business operations
to
identify inefficiencies
and implement more
cost-effective processes
.
Relevant Fields:
Production Engineering and Planning 75%
Price Formation and Costs 25%
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