Cost reduction study for a Glass Manufacturer
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Client
World-class float glass manufacturing facility in UAE
Assignment
Approach
Benefits to the client
Bottomline
IdealCap studied their operations to come up with a report with cost suggestions.
1. Mapping the as-is processes with timelines and costs incurred at each stage.
2. Benchmarking processes to industry best practice, to identify areas of possible efficiency improvements.
3. Studying individual cost components (direct and indirect) to identify cost reduction options e.g., more economic substitutes without quality compromise, process rationalization to minimize duplication, tighter controls to minimize wastages / production losses.
4. Designing a to-be process with recommendations for cost savings wherever possible.
1. A fresh perspective on the overall cost structure
2. Benchmarking of costs
3. Specific areas for cost reduction identified.
This resulted in several specific cost reduction initiatives being implemented by the client.