About Us

MINEVIK Machinery is a leading and pioneering enterprise with the most advanced international level in R&D, manufacturing and selling of large-scale crushing & screening plants and beneficiation plants.

large-scale crushing & screening plants and beneficiation plants.

All of our equipment have got ISO international quality system certification, European Union CE certification and Russian GOST certification.

  • In central China-Zhengzhou, covering 140 thousand square meters
  • Win-win cooperation and create more value to customers
  • Exported large quantities and high-end mobile crushing plant and milling equipments to Russia, Kazakhstan, Indonesia, Ecuador, South Africa, Nigeria, Turkey more than 100 countries .

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Our Products

AS a leading global manufacturer of crushing and milling equipment, we offer including quarry, aggregate, grinding production and complete stone crushing plant. We also supply individual crushers and mills as well as spare parts of them.

Services

Our goal is to guarantee the excellent operation equipment with high safety for our customers and minimize the downtime of the machine by predictive maintenance. Kefid service and original accessories can be 100% trusted at the time of maintenance.

SERVICE AND SUPPORT

Minevik service and original accessories can be 100% trusted at the time of maintenance.

ACCESSORIES CENTER

striving to enable customers to get the parts in the nearest place.

SALES MARKET

Our sales market is spread all over more than 100 countries and regions

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Cost Reduction: Meaning, Techniques and Advantages |

3. The reduction should not be at the cost of essential characteristics, such as quality of the products or services rendered. Thus, cost reduction must be a genuine one and should aim at the elimination of wasteful elements in methods of doing things.

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Cost reduction Wikipedia

Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on a company’s services or product, the strategies can vary.

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What is cost reduction? definition and meaning

The process of looking for, finding and removing unwarranted expenses from a business to increase profits without having a negative impact on product quality.

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One of the major concern of the enterprise is to maximize the profit, which is possible only through decreasing the cost of production. For this purpose, two efficient tools are used by the management, i.e. cost control and cost reduction.

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In finer terms, cost reduction is a systematic and corrective technique used by most of the firms to cut the inessential expenses of the goods manufactured and increase the overall profits.

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What is Cost Reduction? Advantages and Disadvantages

5) Expense Reduction. Another strategy is to reduce expenses which in turn reduces cost. For example, using video conferencing instead of travel will bring down the travel costs per department considerably since the video conferencing costs are negligible compared to the travel costs.

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Cost control and reduction SlideShare

Cost control and cost reduction are the two most viewed area in finance. Every corporate entity will have a specialized department to study on cost aspects.

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Organizing a Cost-Reduction Program Scrivener Publishing

Organizing a Cost-Reduction Program 7 With this information in an Excel spreadsheet, it is a simple matter to sort the data (it’s already been sorted in Table 1.1) and prepare the Pareto chart shown in

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Cost Control and Reduction Encyclopedia Business

Cost control and reduction refers to the efforts business managers make to monitor, evaluate, and trim expenditures. These efforts might be part of a formal, company-wide program or might be

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Cost Reduction: Cut Costs and Maximise Profits | Udemy

Cost Reduction: Cut Costs and Maximise Profits. Cost Reduction identify costs in your business that can be cut without negatively affecting your quality or customers.

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Lower your business expenses with Cost Reduction!

You are always looking for ways to manage costs for your business. We believe that all companies can lower their operating expenses with effective expense management support from Cost Reduction services.

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Cost Control: Meaning, Tools, Techniques and

ADVERTISEMENTS: Cost control by management means a search for better and more economical ways of com­pleting each operation. Cost control is simply the prevention of waste within the existing environment. This environment is made up of agreed operating methods for which standards have been developed. Cost Control, Reduction and Estimation in Business! Meaning: Business firms []

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7 Types Of Cost Reduction Simplicable

Cost reduction is the process of eliminating waste and improving processes to reduce overhead and/or cost of goods sold. The following are common types of cost reduction.

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Cost Reduction: Meaning, Essentials and Techniques

1. Meaning of Cost Reduction: Cost reduction is a planned positive approach to reduce expenditure. It is a corrective function by continuous process of analysis of costs, functions, etc. for further economy in application of factors of production.

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International Journal of Engineering Technology, Management and Applied Sciences www.ijetmas September 2015, Volume 3, Special Issue, ISSN 2349-4476

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COST CONTROL & COST REDUCTION (Management Accounting) 1. COST CONTROL & COST REDUCTION 1 2. • CIMA, London has defined cost control as “the regulation by executive action of the cost of operating an undertaking particularly where action is guided by cost accounting” • Cost Control is a process which focuses on controlling the total cost through competitive analysis.

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Meaning of Cost Reduction. A cost reduction program is a type of method which is to improve profitability of the organization or by expected to get a good result that flow to the bottom line of the financial statement and exempted from any serious damage to the organization itself.

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Cost Reduction – Meaning and Techniques

Meaning of Cost Reduction. A cost reduction program is a type of method which is to improve profitability of the organization or by expected to get a good result that flow to the bottom line of the financial statement and exempted from any serious damage to the organization itself.

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Cost Reduction vs. Cost Savings: There’s a BIG Difference!

By: Rick Sung. Facility maintenance providers can throw out numbers that look great on paper, but what are they actually offering you? Is it a plan for cost reduction, or a true cost savings strategy that will cut back on your expenses?

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COST REDUCTION | Examples

Solution: After Cost Reduction reviewed Customer B's documentation, we provided our cost savings recommendations. Upon approval from Customer B,Cost Reduction negotiated and implemented the following savings related to these categories: 12% off natural gas supplies, 19% off waste and recycling management, 25% off janitorial services, and 10% off the marketing agency fee.

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Cost-cutting is challenging, but it shouldn't be debilitating. Bain helps companies bend their cost curve by aligning cost ambition with strategy, applying battle-tested solutions and supporting line-led implementation to ensure changes stick.

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Cost Reduction The Hackett Group

Optimizing G&A Service Delivery Yields Sustainable Cost Reduction Research by The Hackett Group, a global strategic and operations consulting firm, has found that the strongest driver of sustainable cost reduction is a strategically designed service delivery model.

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2. Exercise: Cost control is a routine exercise which is carried out for attainment of operational efficiency whereas cost reduction aims at permanent and real savings by a continuous search for improvement.

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Cost reduction is the process of identifying and implementing ways to reduce the opex and capex of a business. In some industries, cost per unit falls on a quarterly basis and firms must continually find cost reductions to remain competitive.

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Contact

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