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  2. Cost reduction - Wikipedia

    en.wikipedia.org/wiki/Cost_reduction

    Half cost strategies: ambitious strategies which aim to reduce the costs of specific production processes or value adding stages to 1/N of the previous cost. [7] Examples specifically focussed on the use of suppliers and the costs of goods and services supplied include: Supplier consolidation: see examples in the aerospace manufacturing industry

  3. Shrinkflation - Wikipedia

    en.wikipedia.org/wiki/Shrinkflation

    Barak Orbach, an academic economist, argues that competition typically drives shrinkflation: "When supply shocks or other factors inflate production costs, businesses must pass on cost increases to maintain profitability. However, in competitive markets, direct price increases are risky.

  4. Value engineering - Wikipedia

    en.wikipedia.org/wiki/Value_engineering

    Value engineering can lead to the substitution of lower-cost materials, as with the exterior cladding that accelerated the Grenfell Tower fire in London. [1] [2]Value engineering (VE) is a systematic analysis of the functions of various components and materials to lower the cost of goods, products and services with a tolerable loss of performance or functionality.

  5. Purchasing cooperative - Wikipedia

    en.wikipedia.org/wiki/Purchasing_cooperative

    A purchasing cooperative is a type of cooperative arrangement, often among businesses, to agree to aggregate demand to get lower prices from selected suppliers. Retailers' cooperatives are a form of purchasing cooperative. Cooperatives are often used by government agencies to reduce costs of procurement. Purchasing Cooperatives are used ...

  6. Frugal innovation - Wikipedia

    en.wikipedia.org/wiki/Frugal_innovation

    Frugal innovation or frugal engineering is the process of reducing the complexity and cost of a good and its production. Usually this refers to removing nonessential features from a durable good , such as a car or telephone, in order to sell it in developing countries .

  7. Activity-based management - Wikipedia

    en.wikipedia.org/wiki/Activity-based_management

    Activity-based costing establishes relationships between overhead costs and activities so that costs can be more precisely allocated to products, services, or customer segments. Activity-based management focuses on managing activities to reduce costs and improve customer value. Kaplan and Cooper [1] divide ABM into operational and strategic:

  8. 13 common bank fees you shouldn't be paying — and how to ...

    www.aol.com/finance/avoid-common-bank-fees...

    2. Overdraft fees. 💵 Typical cost: $26 to $35 per occurrence Overdraft fees happen when you spend more money than you have in your checking account, and the bank covers the difference ...

  9. Depreciation - Wikipedia

    en.wikipedia.org/wiki/Depreciation

    Accountants reduce the asset's carrying amount by its fair value. For example, if a company continues to incur losses because prices of a particular product or service are higher than the operating costs, companies consider write-offs of the particular asset. These write-offs are referred to as impairments.