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Sagot :
Answer:
Implement Lean Manufacturing/Production Principles
Adopting lean manufacturing principles can reduce manufacturing costs by increasing labor productivity, cutting production through-put times, reducing inventories, and cutting errors and scrap by as much as half.
Answer:
discussing key concepts and principles from microeconomics that guide its organization and production activities to improve profitability and be able to compete effectively.
A number of highly useful methodologies have been developed based on the concepts and principles discussed. This text will not address specific techniques for tracking costs and planning production activities. Readers seeking guidance on these tasks might consult a text on cost accounting or operations management.Two classic texts on cost accounting and operations management are by Horngren (1972) and Stevenson (1986), respectively.
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