The last great opportunity for enhancing corporate financial performance on a large scale. by James W. Davis, PE, Vice President, Strategic Asset Management Inc.

In the last few years many companies have begun to realize the importance of Strategic Asset Management (SAM) as an enterprise strategy that, properly implemented, will improve financial performance.  Typical results of an effective Strategic Plan for Asset Management include a 20% - 50% reduction in maintenance cost accompanied by a 15% - 20% increase in real capacity, with no capital investment in production equipment.  The tangible results include a significant increase in profitability accompanied by a dramatic reduction in unit cost.

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Outsourcing as a Source of Competitive Advantage

Outsourcing is usually one of the more predictable suggestions of managerial consultants throughout the world. Generally these suggestions are made with either the intention of reducing direct costs, incorporating specialist knowledge , or avoiding the problems associated with hiring and keeping employees.

This trend has been behind the massive swings of technical and administrative functions from economies such as the UK, Canada and the USA to countries where lower wages are paid to people with equivalent levels of competency.

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