What's important when aiming to control production cost?

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I believe there are several factors to consider. First of all,you need to have quality suppliers.In cost management,it's extremely important to cut down the cost of raw material,as to a large extent,it determines the product cost.Cost-concious companies always work with good suppilers who can offer quality materials with reasonable price.Low quality materials from suppliers are actually a waste of money. Secondly,effciency of production line is another facor to consider.When introducing a new production line,it's important to consult a ergonomics specialist to see that it is user-friendly and will not cause too much physical stress and strain.Besides,it's also important to make your workers get fully-trained to work more efficiently. Finally,measures should be taken to eliminate waste.On top of this,managers should develop benifits system to boost the morale of the workers. How do you think about the qustion above?Do you have any other ideas aboout it ???Please share your opinions with me,OK?