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⍰ ASK What strategies can a company employ to maintain cost-effectiveness while expanding its operations?

Cutting cost in expansion needs a smart strategy. Start by optimizing operation streamline processes, use automation and embrace lean management. Partner strategically to share resources and tap into local expertise, reducing investment and boosting scalability.

Manage the supply chain efficiently to control procurement cost, minimize wastage, and ensure timely deliveries. Negotlate well with supplier to keep costs in check.

Invest in technology like cloud solutions and digital tools to enhance productivity and communication, reducing the need for extensive physical infrastructure.
 

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