Posts Tagged
‘product’

If we have developed a product that is useful to our clients, our production volumes will grow allowing us to improve our product cost and pricing structures. Additionally, besides the volume purchase of material cost improvements, we will work with our manufacturing line, improving those processes and subsequent first pass yields thereby reducing the associated […]

A contingency in project management is a reaction plan to an untoward event; in short, we plan ahead for the failure of a given task. In order for a trigger to “fire,” we must set a threshold value that activates the trigger; otherwise, the trigger should never fire. Thresholds can be set based on financial, […]

by Kim H Pries When we are engaged in prototype development during the early to late middle phases of our new product delivery process, we usually purchase components through maintenance, repairs, and operation (MRO) purchasing. This type of purchasing is managed on an as-needed basis, and often, is not automated. We purchase the parts we […]