Material cost is a key focus in the manufacturing industry. All manufacturers do their endeavor to reduce the costs for raw materials. So do the stethoscope producers. Material cost is closely related to other costs. If the manufacturer intends to reduce the costs for materials, technology is a solution. This then will increase R&D input or will bring expenses for technology introduction. A successful manufacturer is always able to balance each expense. It may construct a full supply chain from raw material to services.
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