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Caterpillar, which is based in Peoria, Ill., plans to reach the cost-cutting goal by reducing material costs, lead times and inventory, and through attrition of the company work force, Mr. Barton told analysts in Boston.
Some alternatives, like gallium arsenide, can be made into films of material that can generate as much electricity as a typical silicon cell but are just a hundredth as thick, potentially reducing material costs.
"Reducing material costs while achieving the same amount of light absorption and hence efficiency is very important for solar cells," says Shanhui Fan, an electrical engineering professor at Stanford.
A complete in-house workflow proved more cost effective by reducing material costs, personnel costs and surgery times.
Additive manufacturing holds the promise of reducing material costs by up to 90% and cutting energy usage in half, according to a background statement from the Department of Energy (DOE) on its participation in the initiative.
In January he launched Ford's latest turnaround effort, called the "Way Forward," which seeks to restore North American profits by 2008 by reducing material costs, shedding excess workers and factories, and sharpening the focus of the company's Ford, Lincoln and Mercury brands.
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Replacing Portland cement by fly ash in concrete has attracted extensive attention, as this approach is effective in controlling heat release rate, reducing material cost and enhancing greenness.
The modern trend of disposing industrial wastes and by-products into building materials that complies with the implementation of sustainable development enables reducing material cost of expensive composites materials, e.g. polymer concretes (PCs).
That flexibility will make it more resilient than stiff fiberglass, which will in turn allow GE to use less material, reducing materials costs and weight.
They will use E.T. — energy technology — "to reduce material costs, simplify logistics, drive down electricity charges and shorten supply chains".
First, they purged the excess complexity by consolidating products around a few standard kinds of packaging an approach that reduced material costs and boosted the top line significantly.
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