ABSTRACT
In today’s complex manufacturing world, it is sometimes difficult to remember what the real purpose of manufacturing a product is-and what the total elements of the process consist of. If we assume that whatever we manufacture, we will insist on good quality products, on-time delivery, and complete customer satisfaction, then we should concentrate on the most economical method to achieve these results. We should make our manufacturing decisions based on cost. Of course, cost is not a simple thing to determine. There are a lot of different ways of looking at cost.
