Feb 19, 2021

Alibaba: Top 10 cost reduction practices in production

Georgia Wilson
5 min
Return on Investment (ROI...

“The primary reason you're cutting production costs is to ramp up revenue and profits. What better way to do this than to boost ROI and market your products where you're sure they'll get sales,” comments Alibaba. 

Return on investment (ROI) is used to measure financial gains for business strategies, “in the case of cost-saving ideas manufacturing companies implement, it means keeping a close eye on the impact of cost-cutting strategies you have applied to see how well they have worked.”

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