Sunday, 1 October 2017

the one that can give you the best delivery and product quality at the lowest possible cost.

because each alternative costs money, your task is to find the most cost-effective way to deploy your resources - the key to optimizing all types of productive work. Bear in mind that in this and in other such situations there is a tight answer, the one that can give you the best delivery and product quality at the lowest possible cost. To find the right answer, you must develop a clear understanding of the trade-offs between the various factors -
manpower,
capacity
and inventory
- and you must reduce the understanding to a quantifiable set of relationships.

What is important is the thinking you force yourself to go through to understand the relationship between the various aspects of your production process. 

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