Reducing Process Costs with Lean, Six Sigma, and Value Engineering Techniques

CHAPTER 1 – Introduction

I. The Use of Rubrics

For most of our chapters, we have a rubric at the very start. The idea of the rubric is to indicate levels of competence required to perform the task outlined in that chapter. We use rubrics in our company for many situations where we have to perform some kind of evaluation.

II. Questions to Ponder

• What are the benefits to the company to have annual cost improvement activities and targets?

• What is value? How do you maximize value?

• How does my company value cost improvement successes?

• What is my company’s cost improvement philosophy?

• Where are the products or services of your organization in the life cycle model?

• How do you know what stage of the life cycle you are in?

• What exercises does ...