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When it comes to measuring savings, it’s important to understand the difference between hard savings and soft savings. Hard savings are quantifiable, measurable, and easy to tie to the bottom line. Examples of KPIs for hard savings include cost per unit, labor productivity, and energy usage per unit of output.
However, the challenges of high laborcosts underscore why the transition isnt always straightforward. Limited Manufacturing Resources or Expertise Some countries may not have the modern manufacturing or skilled labor to meet your specific demands. Regardless, you must know your inventorymanagement needs.
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