Implications of cost in manufacturing - How to make the operation efficient at lower cost ?

A manufacturer has the prime role of decreasing the cost of manufacturing to increase his own profit. Lesser the cost, more would be the revenue.

Explanation:

Cost has a very important role to be played in the case of the process of manufacturing. It affects the manufacturing process in a great way. The manufacturer or the producer wants to reduce and minimize the cost of production as much as possible.

If the cost of production is reduced by reducing the wastage of the resources and using the resources in an efficient and in a judicious way, it will result in the efficiency of the operation of the manufacture of the product.