"Life-cycle cost reduction is best achieved during the development stage of the production life cycle." Do...
"Life-cycle cost reduction is best achieved during the development stage of the production life cycle." Do you agree or disagree? Explain your answer and include supporting references.
Homework Answers
Agree, it is correct that Life-cycle cost reduction is best achieved during the development stage of the production life cycle because
1) During the development stage only the product is given shape, size and quality, so once cost saved while drafting the product represents the life cycle cost reduction.
2) Once the various inputs of the products are defined under the development stage then it would be difficult and production disturbing event during later stages.
3) Most of the product costs are being diploid, so cost saving is possible at development stage only.
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