The cost cutting digital toolbox enables Small and Medium Enterprises (SMEs) mainly in the manufacturing sector to assess their costs in six thematic areas. The toolkit is comprised of a diagnostic, and an online audit that supports high skilled experts to propose a customized action plan so that enterprises reduce their costs. After the understanding of the benefits of the proposed audit the enterprise with the advice of the experts performs an action plan and applies the proposed solutions. People and processes The cost area concentrates around three horizontal business processes: product and services, sales process and employee, efficiency. A business process or business method is a collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers. There are three main types of business processes: (1) Management processes,(2) Operational processes and (3) Supporting processes. Increasing business process efficiency is the best way to improve margins and allow more flexibility in pricing. Supply chain A supply chain is a system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer. Supply chain activities transform natural resources, raw materials and components into a finished product that is delivered to the end customer. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chain management (SCM) is the combination of art and science that goes into improving the way your company finds the raw components it needs to make a product or service and deliver it to customers. Marketing and social media The first high cost area that is examined is the Marketing Plan and budget. In this area the most typical high costs causes are that there are no marketing plans or a defined marketing budget. The second high cost area is the lack of definition of the target market. The target marketing makes the promotion, pricing and distribution of the products and/or services easier and more cost-effective. Finally the not efficient mix of marketing channels are considered as the third high cost area. The major traditional media options are: Television, Radio, Newspapers,Magazines and the Internet. Green buildings Green building (also known as green construction or sustainable building) refers to a structure and use of processes that are environmentally responsible and resource-efficient throughout a building’s life-cycle: from setting to design, construction, operation, maintenance, renovation, and demolition. This practice expands and complements the classical building design concerns of economy, utility, durability, and comfort. Although new technologies are constantly being developed to complement current practices in creating greener structures, the common objective is that green buildings are designed to reduce the overall impact of the built environment on human health and the natural environment by: Efficiently use of energy, water, and other resources, protecting occupant health and improving employee productivity,reducing waste, pollution and environmental degradation. Sensors and utilities The production line of an industrial or a manufacturing or any other type of company is one of the most energy consuming areas and in many cases the least energy efficient. The first issue of high energy consumption can be dealt with by trying to decrease the consumption and therefore costs. The second issue of equipment reliability has to do with the way and the rate of equipment fail. Renewable energies Modern societies consume huge amounts of energy for heating (homes and offices), transportation, electricity production and industrial use. Due to economic progress and a rising standard of living, the demand for energy is continually increasing. On the other hand, renewable energy sources (RES) are continually renewed by the cycle of nature and are considered to be practically inexhaustible. The sun, wind, rivers, organic material such as wood and even household and agricultural waste are energy sources which are always available and are never exhausted.

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