As the competition grows all over the
globe, there is no niche which is left out and the most affect one is
the production and manufacturing. As more and more manufacturers set up
production facilities on the face of this planet, every new factory
revving up its machines mean that the competition has grown tougher. The
modern policy and practice proves that if the production costs are kept
to as low as possible there is little chance a competitor would be a
threat to you. Here are some of the steps taken by the factory owners
and management to reduce production costs.
Procure in bulkProcurement
in bulk provides the ease to negotiate heavily with the suppliers. Of
course there is a huge margin to bargain if you are purchasing an
element in tons rather than just a few kilos. Liquids are widely used in
the manufacturing process. Hence they are stored in huge tanks and
containers fitted with a
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