Glossary
What is meant by cost reduction?
Cost reduction is the set of strategies, methodologies and tools aimed at lowering operational, production and management expenses in a company, without compromising the quality of the product or service. In the manufacturing industry, this is being pursued through process optimization, automation, adoption of digital technologies (such as CAD, PLM, MES), data analysis and improved collaboration between departments. Cost reduction is often closely linked to the design phase: making the right decisions upstream avoids waste, rework and inefficiencies in the execution phase.
How Var Industries can make it easier for companies to reduce costs
Var Industries helps manufacturing companies reduce costs throughout the product life cycle by intervening in design, planning, and production. Solutions such as LeanCOST enable rapid and accurate estimation of production costs early in the early stages of development process, while platforms such as Teamcenter and Opcenter improve collaboration, reduce errors, and speed up decision-making time. In addition, the integration of digital tools into industrial processes, promoted by Var Industries, makes it possible to eliminate manual and redundant tasks, increase productivity and optimize the use of materials and resources.