Cost Reduction is one of 6 generic strategies to maximize Value for your internal and external Customers. Creating New Value is the ultimate goal of any company AND our Systematic Innovation Process. On most cost reduction projects, the low-hanging fruit ideas are often exhausted so additional methods and a comprehensive look is needed to find the mid to high-hanging fruit still on the trees that are not so visible. In Step 4 of our Systematic Innovation Process we use 14 Cost Reduction Catalysts and Questions (CRCQ’s) to discover and eliminate unnecessary costs.
