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Which of the following are cost reduction benefits of technology investments? Multiple select question. Fast changeover equipment allowing for JIT inventory management. Faster setups and
Which of the following are cost reduction benefits of technology investments? Multiple select question. Fast changeover equipment allowing for JIT inventory management. Faster setups and changeovers. Scope economies due to flexible manufacturing systems. Replacing people with robots, or enabling fewer workers to run semiautomatic equipment. Using existing materials more efficiently, or enabling the use of high-tolerance materials. Ability to make things that could not be made by hand. Greater product output. Automated inspection and reduced variation in product output. Self-adjusting equipment
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