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This report looks at a new look at cost reduction imperative for survival; a paper industry perspective
The strategies for cost reduction are grouped into two main groups: Cost focus strategies and Growth and Sustainability strategies
The 3 main cost-reduction strategies under “Cost Focus” include the following:
‘Lean-out ' operations: the main activities engendered under these strategies are joint ventures, compression of cash conversion cycles and leveraging scale to improve efficiency among others
Shifting fixed costs to variable costs
Simplified business models
The strategies that make-up Growth and Sustainability
Grow smart which includes revised pricing strategies, understanding customer behaviour and innovation among others
