Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Management

Authors: Lokyie Lomine, Martin Mwenda Muchena, Robert Pierce

1st Edition

1382016832, 978-1382016834

More Books

Students also viewed these General Management questions

Question

what was wrong with Gianinis original analysis

Answered: 1 week ago

Question

Illustrate the link between business

Answered: 1 week ago