Analysis of Raw Material Participation in the Production Process. Part II, Practical Aspects

Companies searching for a key to further development and maintaining an advantage over their competition pay attention to various factors. Some invest in technological innovations, other choose process and organizational structure optimization, some focus on building an organizational culture promoting effectiveness or search for new market opportunities. This publication will focus on those companies, which build their position among their competitors based on properly implemented loss elimination strategy. Therefore, the purpose of this publication (a second part of an ongoing cycle) is to analyze the selected products focusing in the participation of raw material purchase cost in the total production cost of a given product.