Application may include strategies to
- improve on-time deliveries
- reduce product cycle time
- reduce total product cost
- reduce customer lead time
- reduce inventories
- reduce waste.
Process/Skill Questions:
- What effect does total product cost have on retail prices?
- How does product cycle time affect total product cost?
- What is customer lead time?
- What factors are considered in total product cost?
- What issues are caused by excessive inventory?
- What strategies are companies using to reduce waste?