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How can improving quality can lead to reduced cost?
Improving quality, especially in production processes, leads to less rework, scrap and warranty issues. Higher productivity takes place as a result. Increases in quality help firms both increase sales and lower costs. Increases in customer service quality and customer response can lead to increases in sales, etc.
What impacts do waste reduction and recycling have on the economy?
Waste reduction and recycling could lead to less spending in the society and less production. This could have the impact of slowing down the economy if done on a large scale.
What is economic of sales?
Economies of scale are factors which cause the average cost of production to decrease as the volume of its output is increased. It has two types: the internal and external factors.
What are the advantages of concurrent engineering?
Manufacturing Personnel are able to identify production capabilities and capacities .They have thus the opportunity to inform the design group about the suitability of certain materials on the flipsides the designer would know the suitability of certain designs in aiding in cost reduction and quality improvement in production/assembly process. Early opportunities for design or procurement of critical tooling, some of which might have long lead times. early consideration of the Technical Feasibility of a particular design or a portion of a design. Again this can avoid serious problems during production.
What are the benefits and risks of bypass weight loss?
Surgery always has risks and gastric surgery is no exception. However gastric weight reduction surgery can lead can lead to a 50%-60% reduction in excess weight and a greatly improved quality of life. Consider the risks and benefits in consultation with your personal physician.
Why does globalization lead to a reduction in wages in developed countries?
Increased mobility allows producers to move jobs to lower-cost labor markets.
What is off sourcing?
off sourcing actually means getting somw work done from someone else which in turn will lead to reduction in the cost of merchandise.
What was the Production Budget for Take the Lead?
The Production Budget for Take the Lead was $30,000,000.
Which statement describes an opportunity cost that could result from the government regulating businesses?
Government regulations can lead to an increase in production costs.
What are the kinds of leads in a news?
2 kinds of leads in a news: reduction lead and expansion lead
What are factors influencing lead time?
Factors influencing lead time include production capacity, supply chain complexity, material availability, order quantity, and production process efficiency. Other factors such as transportation delays, quality issues, and unexpected events can also impact lead time. Proper planning and communication with suppliers and customers are crucial for managing lead times effectively.
A reduction in market price will lead to an increase in what?
Quantity demanded
