Important elements of standardizing purchased materials

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You have been hired as a new procurement and supply manager at a company that manufactures and assembles construction equipment. The management team is not satisfied with the cost to manufacture and assemble the construction equipment as well as the high number of defects at assembly. What are the important elements that must be considered in launching a "continuous improvement" project to reduce defects and minimize cost? What are the important elements of standardizing purchased materials that must be considered?

Reference no: EM13990472

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