Ensuring stable human resources is always an important factor for the sustainable development of the company. As Vietnam's FDI attraction strength is gradually shifting from "low labor costs" to "high quality labor," what measures should FDI enterprises take in the coming time? Let's find out the current human resources trends and some solutions through the following article.
This article, "10 principles for improving production cost," continues the research findings and experience of P&Q Solutions in consulting, training, and the processes that guide our improvement, lean transformation, and capacity building programs from the previous article.
Improving production costs is becoming an increasingly important issue in the global manufacturing supply chain in the context of increasing competition and increasing fragmentation in the value chain of the supply chain - there , production is always at the bottom of the value chart.
In the typical cost structure of a supporting industry enterprise, raw materials can contribute 50% - 60%. According to the 80-20 principle, this is a key point in the management and improvement of costs of manufacturing enterprises.
In the context that businesses must operate in an environment of rapid changes with the increasing impact of the industrial revolution 4.0 and deeper international integration, Knowledge is emerging as a key resources, having a direct impact on the organization's competitiveness and sustainable development.
“In fact, quality culture is a factor that itself can change on a wide range from very bad, very harmful for production and business, to very good and very beneficial for production and business. . You have a good piece of land, if you do not intend to plant flowers, it will not remain empty land forever, grass will quickly grow on this land.”
