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In times of uncertainty, organizations irrespective of size, are faced with the challenge to improve or maintain their margins, by focusing on operational cost efficiencies. They are using different approaches to ride the economic downturn and come out even stronger. Akzo Nobel’s margin management programs were implemented throughout the company with a strong focus on cost management, and cash management, by closely monitoring working capital and be prudent in capital deployment. Oskomera, a steel fabricator, worked on redesigning their business processes using lean production principles. The lean principles that Oskomera applied were:
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