Ken Kremsky: Effective Cost Reduction is only possible with proper analyzing
Cost reduction is a difficult task for sure. The organizations also need the assurance for the stability. To be very frank, this is rare; something very rare. Barely one out of a hundred test cases could prove be successful. In other words, the attempts for reducing the costs successfully, often fails. Ken Kremsky however proves out to be an exception, and he openly says about the ways he succeeded. Work Experience Ken Kremsky is into financing and cost management, for more than two decades now. He started his career as the Assistant Controller. Here, Ken kept a good eye on the packaging materials and the processes involved. He was quick to analyze the errors in the processes and the ways to overcome them. He also kept a good eye on the repetitions in the processes and the ways to effectively skip them. He later worked with Kraft Food. Working for the production and the packaging units, Ken found out ways to help the organization save around 15% of the costs. He was q...