Examlex
Product value analysis is an approach to efficiency that studies whether components can be redesigned or made by more efficient methods of production without adversely impacting product performance.
Lean Production
An organized approach to reducing waste in a manufacturing system while maintaining production levels.
Value Chain Analysis
Value Chain Analysis is a process of examining the development of competitive advantage, focusing on the chain of activities involved in designing, producing, marketing, delivering, and supporting a product or service.
Effective
Achieving the desired outcome or result with optimal use of resources and time.
Manageable
Capable of being controlled, handled, or dealt with effectively.
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