The cost principle often applied by business people is the smallest possible expenditure and the maximum possible profit. This does not mean making goods below standard production quality or paying small labor not in accordance with regional wages. Minimizing production costs means that we make cost savings, especially on raw material costs, labor and FoH costs.
Some actions that can minimize or save production costs are carrying out raw material efficiency, factory equipment maintenance, minimizing FoH (factory overhead) costs. So in your opinion, what are the benefits of minimizing production costs?
Some actions that can minimize or save production costs are carrying out raw material efficiency, factory equipment maintenance, minimizing FoH (factory overhead) costs. So in your opinion, what are the benefits of minimizing production costs?
