Bain
Cost Reduction Strategies for Power Generation
Resourcing power plants according to their needs and usage can generate big savings.
By Grant Dougans, Arnaud Leroi and Jim Wininger
June 27, 2018
https://www.bain.com/insights/cost-reduction-strategies-for-power-generation/
BCG
How Governments Can Boost Labor Productivity
APRIL 16, 2018
By Cesar Sanchez , Alexander Türpitz , and Jakub Jaworowski
https://www.bcg.com/en-in/industries/public-sector/how-governments-can-boost-labor-productivity.aspx
Four Ways Banks Can Radically Reduce Costs
JUNE 7, 2018
By Dominique Alf , Gregor Gossy , Lukas Haider , and Reinhard Messenböck
https://www.bcg.com/en-in/publications/2018/four-ways-banks-can-radically-reduce-costs.aspx
Pioneering Companies Aim for AI at Scale
BCG - MIT AI SurveySeptember 17, 2018
by: SAM RANSBOTHAM, PHILIPP GERBERT, MARTIN REEVES, DAVID KIRON, AND MICHAEL SPIRA
Continuing last year’s survey, this year's research combines a global survey of 3,076 business executives and 36 in-depth interviews with business executives.
Organizations surveyed were classified into four groups based on respondents’ responses to questions about their levels of AI adoption and AI understanding. Pioneers are enterprises that have extensive understanding of AI tools and concepts and significant levels of AI adoption; Investigators understand AI but have limited adoption; Experimenters have adopted AI but with limited understanding of it, and Passives have limited adoption and understanding of AI.
Four major patterns
1. Pioneers are deepening their commitments to AI. The percentage of Pioneers is just under one-fifth of those polled. But Fully 88% of Pioneers invested in AI. Pioneers are pushing forward in AI implemention.
2. Pioneers are eager to scale AI throughout their enterprise. They say there is need for an AI strategy for scaling. 90% say they have a strategy in place already.
3. Pioneers are now moving into revenue-generating applications from cost-saving ones. Now the special focus is on revenue generation. Cost savings potential is understood from earlier pilots.
Overall, the second annual MIT Sloan Management Review-BCG research report tells a story of measurable benefits realized from current AI initiatives by pioneer companies. Increased investments are taking place and determined efforts are being put in to expand AI across the enterprise.
https://sloanreview.mit.edu/projects/artificial-intelligence-in-business-gets-real/
Boosting Productivity in Construction with Digital and Lean
OCTOBER 10, 2018
By Roland Haslehner , Frédérik Jobert , Jacopo Brunelli , Andrea Nogara , Roberto Rodio , and Davide Véroux
https://www.bcg.com/en-in/publications/2018/boosting-productivity-construction-digital-lean.aspx
A Roadmap for Cutting Decommissioning Costs by 30%
OCTOBER 17, 2018
By Philip Whittaker , Eric Oudenot , and Martha Vasquez
UPSTREAM OIL & GAS, ENERGY & ENVIRONMENT
https://www.bcg.com/en-in/publications/2018/roadmap-cutting-decommissioning-costs-thirty-percent.aspx
EY
How do you take your enterprise cost reduction strategy from alienating to engaging?
Trent T TishkowskiPrincipal, Strategy services, Ernst & Young LLP
July 19, 2018
https://consulting.ey.com/take-enterprise-cost-reduction-strategy-alienating-engaging/
McKinsey
McKinsey Global Institute
Solving the productivity puzzle
February 2018 | Report
How micro patterns offer additional insight into the aggregate productivity slowdown
Why productivity growth is declining in advanced economies
What a sector view reveals about the slowdown and outlook
How to capture the 2 percent or more productivity potential of advanced economies
https://www.mckinsey.com/featured-insights/regions-in-focus/solving-the-productivity-puzzle
International Agricultural Productivity Statistics - 1961-2016
The spreadsheets available below for downloading contain annual agricultural TFP indexes for individual countries, major global regions, and for countries grouped by income levels. The files also contain the input and output data used in the construction of the TFP indexes. See the "Explanation" tab in each workbook for a detailed description of the content.
A 2-Year Stanford Study Shows the Astonishing Productivity Boost of Working From Home
Stanford professor Nicholas Bloom helped design a test whereby 500 employees were divided into two groups--a control group (who continued working at HQ) and volunteer work-from-homers.
Watch Bloom describe the study and the findings in his TEDx talk.
https://www.inc.com/scott-mautz/a-2-year-stanford-study-shows-astonishing-productivity-boost-of-working-from-home.html
The right design for productivity
By Guy Bilgorri
Senior Policy Advisor
https://www.designcouncil.org.uk/news-opinion/right-design-productivity
Unpacking the AI-Productivity Paradox
Frontiers January 16, 2018 Reading Time: 5 min
Erik Brynjolfsson, Daniel Rock, and Chad Syverson
Digital, Technology Implementation
https://sloanreview.mit.edu/article/unpacking-the-ai-productivity-paradox/
IT Cost Reduction Strategy: 7 Proven Tactics to Optimize your Budget
JANUARY 30, 2018|IN IT STRATEGY|BY BOJANA DOBRAN
https://phoenixnap.com/blog/it-cost-reduction-strategy
McKinsey Global Institute
Solving the productivity puzzle
February 2018 | Report
How micro patterns offer additional insight into the aggregate productivity slowdown
Why productivity growth is declining in advanced economies
What a sector view reveals about the slowdown and outlook
How to capture the 2 percent or more productivity potential of advanced economies
https://www.mckinsey.com/featured-insights/regions-in-focus/solving-the-productivity-puzzle
How to Save Money in Construction: Cost-Cutting in Each Project Phase
Grace Ellis
February 21, 2018
https://blog.plangrid.com/2018/02/how-to-save-money-in-construction-project-phase/
Information systems and knowledge management in industrial engineering: recent advances and new perspectives
F.B. Vernadat ,F.T.S. Chan ,A. Molina ,S.Y. Nof &H. PanettoInternational Journal of Production Research
Volume 56, 2018 - Issue 8
Pages 2707-2713 | Published online: 02 Apr 2018
https://www.tandfonline.com/doi/full/10.1080/00207543.2018.1454615
How Governments Can Boost Labor Productivity
APRIL 16, 2018
By Cesar Sanchez , Alexander Türpitz , and Jakub Jaworowski
https://www.bcg.com/en-in/industries/public-sector/how-governments-can-boost-labor-productivity.aspx
VALUE ANALYSIS FOR COST REDUCTION IN LEAD PENCIL MANUFACTURING: A CASE STUDY,
Through newly proposed ideas, cost saving per pencil is expected to be 25% of the previous manufacturing cost.International Journal of Innovative Research in Technology(www.ijirt.org) ,ISSN: 2349-6002 ,Volume 4 ,Issue 12 ,Page(s):465-468 ,May 2018 ,
Available : http://ijirt.org/Article?manuscript=146397
May 29, 2018.
More than $1 trillion Cost Savings
More than $1 trillion. That’s how much analysts estimate that artificial intelligence will save the banking industry. Financial institutions should expect a 22% cost reduction in operating expenses due to AI, with most of the savings coming from the front office.https://thefinancialbrand.com/72653/artificial-intelligence-trends-banking-industry/
19 JUNE 2018
Smart ports: increasing efficiency and cutting costs
Connected technologies are moving ports into the digital age and helping to boost productivity and cut costs. What are these technologies and where are they being used to good effect?
https://www.ship-technology.com/features/smart-ports-increasing-efficiency-cutting-costs/
Cost Reduction Strategies for Power Generation
Resourcing power plants according to their needs and usage can generate big savings.
By Grant Dougans, Arnaud Leroi and Jim Wininger
June 27, 2018
https://www.bain.com/insights/cost-reduction-strategies-for-power-generation/
Yes, Lean is About Cost Reduction
by Mark Reich
July 13, 2018
The reality is that Toyota, the company that developed TPS focuses relentlessly on cost. It is such a deep part of their DNA. Taiichi Ohno introduced the concept that price is determined by the customer and if we want to increase profit we must reduce cost.
https://www.lean.org/LeanPost/Posting.cfm?LeanPostId=919
How do you take your enterprise cost reduction strategy from alienating to engaging?
Trent T TishkowskiPrincipal, Strategy services, Ernst & Young LLP
July 19, 2018
https://consulting.ey.com/take-enterprise-cost-reduction-strategy-alienating-engaging/
Pioneering Companies Aim for AI at Scale
BCG - MIT AI SurveySeptember 17, 2018
by: SAM RANSBOTHAM, PHILIPP GERBERT, MARTIN REEVES, DAVID KIRON, AND MICHAEL SPIRA
Continuing last year’s survey, this year's research combines a global survey of 3,076 business executives and 36 in-depth interviews with business executives.
Organizations surveyed were classified into four groups based on respondents’ responses to questions about their levels of AI adoption and AI understanding. Pioneers are enterprises that have extensive understanding of AI tools and concepts and significant levels of AI adoption; Investigators understand AI but have limited adoption; Experimenters have adopted AI but with limited understanding of it, and Passives have limited adoption and understanding of AI.
Four major patterns
1. Pioneers are deepening their commitments to AI. The percentage of Pioneers is just under one-fifth of those polled. But Fully 88% of Pioneers invested in AI. Pioneers are pushing forward in AI implemention.
2. Pioneers are eager to scale AI throughout their enterprise. They say there is need for an AI strategy for scaling. 90% say they have a strategy in place already.
3. Pioneers are now moving into revenue-generating applications from cost-saving ones. Now the special focus is on revenue generation. Cost savings potential is understood from earlier pilots.
Overall, the second annual MIT Sloan Management Review-BCG research report tells a story of measurable benefits realized from current AI initiatives by pioneer companies. Increased investments are taking place and determined efforts are being put in to expand AI across the enterprise.
https://sloanreview.mit.edu/projects/artificial-intelligence-in-business-gets-real/
How Can Containers and Kubernetes Save you Money?
Kirill GoltsmanSeptember 23, 2018
Container technology and container orchestration are revolutionizing deployment and management of applications in a multi-node distributed environments at scale. Google open sourced Kubernetes in 2014. A number of reputable tech companies have decided to move their container workloads to the platform. There is a broad consensus that containers powered by containers orchestration frameworks make application CI/CD, deployment, and management at scale much more efficient and productive.
https://supergiant.io/blog/how-can-containers-and-kubernetes-save-you-money/
Roles of Industrial Engineering in Garments Factory
OCTOBER 3, 2018
http://ordnur.com/apparel/roles-of-industrial-engineering-in-garments-factory/
Nokia- s €700M cost-cutting plan
Nokia announced a cost savings programme designed to shed €700 million from its operating and production expenditure by end-2020. €500 million of the targeted cost cutting is expected to come from reductions in operating expenses.
“Nokia plans for these savings to come from a wide range of areas, including investments in digitalisation to drive more automation and productivity…the consolidation of selected cross-company activities; and further reductions in real estate and other overhead costs,” The plan “is part of the completion of Alcatel-Lucent-related cost saving programme aimed at savings of €1.2 billion.
25 OCT 2018
https://www.mobileworldlive.com/featured-content/top-three/nokia-reveals-e700b-cost-cutting-plan-reduces-net-loss/
Boosting Productivity in Construction with Digital and Lean
OCTOBER 10, 2018
By Roland Haslehner , Frédérik Jobert , Jacopo Brunelli , Andrea Nogara , Roberto Rodio , and Davide Véroux
https://www.bcg.com/en-in/publications/2018/boosting-productivity-construction-digital-lean.aspx
JLR said to have roped in Boston Consulting Group to bring in GBP2.5bn cost reduction
As per media reports, the British carmaker has appointed BCG to formulate a turnaround plan to save £2.5bn over the next two years.
https://www.indiainfoline.com/article/news-top-story/jlr-said-to-have-roped-in-boston-consulting-group-to-bring-in-gbp2-5bn-cost-reduction-118121800263_1.html
CFO JOURNAL
Zero-Based Budgeting Stars in Walgreens’ Cost-Cutting Push
Budgeting technique, central to plan to slash $1 billion in annual costs
December 21, 2018
https://www.wsj.com/articles/zero-based-budgeting-stars-in-walgreens-cost-cutting-push-11545388200
Cost optimisation and category management.
We helped a global leading supplier of the automotive industry to reduce procurement cost.
https://home.kpmg/cn/en/home/services/advisory/management-consulting/financial-management/procurement/cost-optimisation-and-category-management.html
2018
Productivity and Efficiency Analysis
An Economic Approach to Measuring and Explaining Managerial Performance
Authors: O'Donnell, Christopher J.
https://www.springer.com/gp/book/9789811329821
Proceedings of the International Conference on Industrial Engineering and Engineering Management
https://www.atlantis-press.com/books/series/picieem
Industrial Engineering in Apparel Manufacturing
Book · February 2018
Edition: 1st
Isbn: 978-81-932472-0-4
Publisher: Apparel Resources Pvt. Ltd.
https://www.researchgate.net/publication/322950792_Industrial_Engineering_in_Apparel_Manufacturing
© 2019
New Global Perspectives on Industrial Engineering and Management
International Joint Conference ICIEOM-ADINGOR-IISE-AIM-ASEM
Editors: Mula, J., Barbastefano, R., Díaz-Madroñero, M., Poler, R. (Eds.)
This book presents the proceedings of the 3rd International Joint Conference – ICIEOM-ADINGOR-IISE-AIM-ASEM (IJC2017) “XXIII International Conference on Industrial Engineering and Operations Management”, “International ADINGOR Conference 2017”, “International IISE Conference 2017”, “International AIM Conference 2017” and “International ASEM Conference 2017”, which took place at UPV (Universitat Politècnica de València) from July 6th to 7th, 2017.
https://www.springer.com/gp/book/9783319934877
Productivity - Cost Reduction - Industrial Engineering
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