Cost-cutting without compromising on the material quality is very challenging. Optimising the material requirement will be the best choice, which can minimise material wastage and can purchase the best quality product out of the money. Another option is using indigenous materials, which are locally available can reduce the transit cost of materials. Waste to wealth is another option; recycling and reusing the material can reduce the material cost many times. Collaboration of work is a suitable method. Collaborating with industries, institutes or suppliers who are beneficial to the final product can provide sufficient funds. Thereby no need to compromise on material property. In all above ensuring the quality check of material is mandatory.

In the field of Materials Science, how to save money but still be able to keep maintaining good quality material? Efficient sources with innovative solutions should be prioritized. Select cost-effective materials that provide long-term service through life-cycle analysis per­formance-based design. Use computational modelling to minimise trial-and-error practice and optimise designs to conserve material. Replace with high-performance, low cost options (i.e. composites or making with recycled materials) vs. costly raw materials. Network with suppliers to provide bulk price cuts and source efficiently. At every stage implement quality control for standards to be maintained even during cost reductions.