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In: Accounting

Which of the following is a method of reducing costs by identifying parts in different products...

Which of the following is a method of reducing costs by identifying parts in different products that are common and interchangeable?

Group technology
 
Theory of constraints
 
Concurrent engineering
 
Value chain analysis

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Expert Solution

Group Technology

Group Technology is a method used to reduce the costs by identifying the similar parts in the different products that can be used common and interchangeable.

Similarities among the parts are classified as part families.Part families are main feature to used the Group Technology method.

It also helps to increase the Production efficiency.

It can be implemented manual or automated techniques.

The Improvement is typically achieved by production facilities into manufacturing cells that specialize in Production of Part Families.

In this method there are some advantages and disadvantages . One of the disadvantage is less Flexibility in manufacturing process of the Product and Difficult to implement in the Organisation  

ekkarill92 answered 2 years ago
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