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What is Overhead Cost Reduction in QRM about?

Quick Response Manufacturing (QRM) is a companywide strategy that relentlessly pursues reducing lead times both internally and externally. Internally, it focuses on reducing times for tasks within the enterprise like engineering changes or purchase orders. Externally, it rapidly designs and manufactures customized products. QRM implementations have shown that reducing both internal and external lead times improves quality and lowers costs. Traditional cost accounting often underestimates QRM

Author

Mohamed Yassin

Language

EN