How to reduce manufacturing costs

10 ways to reduce your material and labour costs.
This video looks at the 3 types of costs and practical ways of how to reduce manufacturing costs.
If you're a manufacturing company your costs will fall into 3 areas:
1. Materials Cost
2. Labour Cost
3. Overhead Cost
Knowing which are the biggest cost drivers will give you a good starting point, and an idea of where to point your torch 🔦
Timestamps:
00:00 How to reduce your manufacturing costs
00:18 Types of manufacturing costs
00:40 Costs a Team Leader can save
00:58 3 practical ways that your people can tackle costs
LINKS:
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