Business Model and Practice: Minimized Cost Structures

Digital business models, automation, third-party suppliers, telecommuting and Big Data can all enable lower cost structures

Minimized Cost Structures

Business Model and Practices > Economic Models

Digital business models, automation, third-party suppliers, telecommuting and Big Data can all enable lower cost structures

Innovative Practices
  • Adopt lower-cost digital business models
  • Reduce labor costs through increased automation, enabling higher-value team members
  • Shift reliance to third-party suppliers for non-core activities
  • Embrace telecommuting to lower physical infrastructure costs
  • Utilize Big Data and Analytics to optimize customer value and required resources

Books and Other Recommended Sources

Does your strategy include proactive improvements in cost structures over the next several years?

Briefings

University of Maine receives three Guinness world records in 3D printing, including largest 3D printed boat

October 24, 2019

Volvo Trucks now 3D printing 500 tools and fixtures in New River Valley (NRV) plant at Dublin, Virginia, U.S.

September 17, 2019

New York-based S-Squared 3D Printers (SQ3D) used proprietary machine to 3D print 500 square feet house on-site in just 12 hours

August 16, 2019

Accounting firm KPMG and enterprise software companies Microsoft, R3 and TOMIA to develop blockchain settlements solution for telecommunications market

July 22, 2019

Orthodontics company SmileDirectClub more than doubled its investment in HP’s Multi Jet Fusion 3D printers to nearly 50, becoming largest 3D manufacturer of its kind in U.S.

May 27, 2019

Nanyang Technology University (NTU) researchers 3D printed bathroom in nine hours using special cement mixture in partnership with energy and engineering company Sembcorp

May 23, 2019

Car brand Audi created separate department dedicated to 3D printing auxiliary tools for production at Neckarsulm site in Germany

April 16, 2019

Tsinghua University produced world’s longest 3D printed concrete bridge in Shanghai, China at two-thirds cost compared to traditional methods

March 4, 2019

IBM and shipping firm Pacific International Lines (PIL) used blockchain technology to track and document transfer of ownership for shipment of mandarin oranges from China to Singapore

February 20, 2019

Prototype of Vortex Robot, airplane inspection robot, successfully climbed Boeing 737 airplane using optimized air suction

February 19, 2019
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