Recent productivity initiatives (cost reduction strategies)

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Recent Production Initiatives Introduction The recent production initiatives are related to cost reduction strategies and the maximization of capitalization. This is mainly done by the use of new technological tactics that are less costly for a business. The techniques do not require a lot of employees to support production processes. This has enabled most of the international businesses to benefit from low production costs which lead to high returns. The initiatives put in place to give an organization a competitive advantage that will enable it to survive in the global market. Most of the companies have been made public which makes them gain the access to a wide market base. It is also a way of enabling companies to access reliable sources of which include the subscription to their shar...

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