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Cost reduction is the achievement of real and permanent reduction in unit cost of products manufactured. It therefore continuously attempts to achieve genuine savings in cost of production, distribution, selling and administration.
6 Ιαν 2017 · Contrary to the traditional approach, a model based on economies of unit number is proposed to reduce capital costs per unit capacity. Industrial biomanufacturing, which exploits biological processes for manufacturing, offers one way to address these changing global factors while using the economies of unit number model.
27 Φεβ 2024 · Demand is solidifying for products that use biological processes and genetically modified microorganisms in place of traditional production methods. But for change to happen, costs must come down. Optimized large-scale facilities can lower production costs by as much as 50% on existing strains.
In its March 2023 re-port, Bold Goals for US Biotechnology and Biomanufacturing, the White House set a target of producing “at least 30% of the US chemical demand via sustainable and cost-efective biomanufacturing pathways” within 20 years. But for change to happen, costs must come down.
15 Σεπ 2016 · Cost reduction includes providing robust manufacturing processes that can be agile, transferable to multiple production locations around the world, and sufficiently flexible to accept next-generation technologies and processes while ensuring product quality without retrofitting.
8 Ιουν 2020 · Process intensification is defined as the adoption of innovative technologies and methods to achieve major process improvements (e.g., productivity), which significantly reduce manufacturing costs and facility footprints.
11 Δεκ 2022 · Bioprocess economic models (BEMs) are fundamental tools for guiding decision-making in bioprocess design, being capable of supporting process optimization and helping to reduce production costs.
