Cost Reduction definition

Cost Reduction shall refer to lower Product purchase prices based on [***].

Cost Reduction with respect to any Fiscal Year, means a reduction in the manufacturing costs incurred by the Supplier for all the Products, relative to the manufacturing costs incurred by the Supplier in the immediately preceding Fiscal Year.

Cost Reduction means the capacity of the Organization to design, manufacture, and marketing of products at the lowest possible cost in comparison with its competitors, enabling them to achieve higher profits, low cost create selling opportunities at competitive prices. This dimension is based on least cost production inputs relative to competitors, which means a reduction in the total cost of any industry. Have achieved by discovering a cheap supplier of raw materials, or rely on economies of scale, i.e. the allocation of fixed costs over a large number of production units, or get rid of the middlemen, and rely on State-owned enterprise distribution outlets, or use methods of production and reduce cost, or using the computer to reduce manpower (Kotler & Keller, 2009, P:56).

Examples of Cost Reduction in a sentence

• In addition to the requirements in Section 5-1.14, "Cost Reduction Incentive," of the Standard Specifications, the Contractor shall provide detailed comparisons of the traffic handling between the existing contract and the proposed change, and estimates of the traffic volumes and congestion.

• You may also submit for approval a cost reduction incentive proposal as specified in Section 5-1.14, "Cost Reduction Incentive," of the Standard Specifications that will reduce time of construction.You may show a scheduled completion date that is later than the contract completion date on an update schedule, after the baseline schedule is accepted.

• The Contractor may also submit for approval a cost reduction incentive proposal in conformance with the provisions in Section 5-1.14, "Cost Reduction Incentive," of the Standard Specifications that will reduce time of construction.The Contractor may show a scheduled completion date that is later than the contract completion date on an update schedule, after the baseline schedule is accepted.

• The District will not be liable to the Contractor for failure to accept or act upon any Cost Reduction Proposal submitted pursuant to this section nor for any delays to the Work attributable to any such proposal.

• The Cost Reduction Proposal shall not impair, in any manner, the essential functions or characteristics of the project, including but not limited to service life, economy of operation, ease of maintenance, desired appearance, or design and safety standards.

More Definitions of Cost Reduction

Cost Reduction means a saving of the Novo Group's direct costs of labor, energy and material used in the manufacture of Human Insulin by means of an Insulin Organism or Technical Information as compared with such direct costs incurred to manufacture its semi-synthetic Human Insulin as [ * ] designates portions of this document that have been omitted pursuant to a request for confidential treatment filed separately with the Commission. calculated pursuant to the formula set forth in Exhibit B attached hereto.

Cost Reduction means the amount per megaunit of Human Insulin produced by which the Variable Costs for The Novo Method exceed the Variable Costs for The Zymos Method.

Cost Reduction means any (a) damages, liquidated damages, indemnitypayments or other amounts recovered pursuant to any ON Line Agreement or in settlement of any claim or dispute arising under any ON Line Agreement, (b) Insurance Proceeds (other than Excess Insurance Proceeds) and Condemnation Awards (other than Excess Condemnation Awards) recovered in respect of ON Line (including for delay-in-start up) and (c) proceeds received in respect of the disposition of any assets of ON Line.

Cost Reduction shall refer to lower Product purchase prices based on changes in manufacturing processes, alternate components or alternate component supplier.

Cost Reduction means the net cost reduction in Customer’s aggregate costs associated with its Cloud Resource(s) resulting from the adoption, integration, implementation, and/or placing into effect of a Solution.

Cost Reduction means, with respect to any specified entity for any period, savings achieved from initiatives identified in the annual budget.

Cost Reduction means any (a) damages, liquidated damages, indemnity payments or other amounts recovered pursuant to any ON Line Agreement or in settlement of any claim or dispute arising under any ON Line Agreement, (b) Insurance Proceeds (other than Excess Insurance Proceeds) and Condemnation Awards (other than Excess Condemnation Awards) recovered in respect of ON Line (including for delay-in-start up) and (c) proceeds received in respect of the disposition of any assets of ON Line.