Complete the following sentences by matching the definitions with the correct terms: square is an approach to control costs by trying continually to make cost savings from one time period to the next during the manufacturing and production stage of the product life cycle.

Question

Complete the following sentences by matching the definitions with the correct terms: square is an approach to control costs by trying continually to make cost savings from one time period to the next during the manufacturing and production stage of the product life cycle.

Answer 1

Continuous Improvement.

Answer 2

The concept you're referring to goes by "continuous improvement" in the world of Production and Operations Management. This is an ongoing effort to improve products, services, or processes. In terms of managing costs in the manufacturing and production stage, continuous improvement is designed to focus on incremental changes that can lead to decreased costs from one time period to another over time. This ongoing approach alters the way a process is performed, aiming at far greater efficiency, effectiveness and flexibility. So the appropriate term in this context is "Continuous Improvement".

Question

Complete the following sentences by matching the definitions with the correct terms: square is an approach to control costs by trying continually to make cost savings from one time period to the next during the manufacturing and production stage of the product life cycle.

Answer

Answer

Explanation