Inventory Management, Labor Costs and Time Savings

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Inventory Management

Labor Costs

Time Savings

Hard Savings vs Soft Savings—What’s The Difference?

Obobo

MARCH 28, 2023

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.

Labor Costs

Labor Costs Efficiency Accounting Reduced Costs

Yanfeng Auto adopts IBM Data, AI and Intelligent Automation Software to accelerate digital and intelligent transformation

IBM Business Partners

JUNE 26, 2023

That presents big challenges for the company in terms of labor cost and efficiency. For example, for each manual installation, deployment, configuration, upgrade, and maintenance, it would take days or weeks and incur a huge labor cost. However, this open-source system poses multiple operational complexities.

Co-Sourcing

Co-Sourcing Automation Manufacturing Software

Global Sourcing Brief

Hard Savings vs Soft Savings—What’s The Difference?

Yanfeng Auto adopts IBM Data, AI and Intelligent Automation Software to accelerate digital and intelligent transformation

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