Recent price fluctuations have forced some manufacturers to consider alternatives to copper wire, such as copper-clad aluminum, solid-core aluminum and composite wire.
Reducing cost requires action with potential risk, whose objective is often viewed as compromise. However, the need for constantly improving product value is not going to go away. Here are three ways to address cost reduction.
Jeffrey R. Immelt, chairman and CEO of General Electric, now believes that his company must rely more on manufacturing and less on financial services. We could not agree more.
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