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

CHAPTER 2 – Saving Money with Homegrown Ideas

I. Rubric for Homegrown Ideas

II. Questions to Ponder

• What is brainstorming?

• What is mind mapping?

• Draw a mind map of how your product is produced or service is delivered.

• What are the largest cost factors for your product or service? If you do not have a product or a service, critique another product or service.

• What is breakeven analysis?

• We can take $0.50 out of our product. To do so, we must spend $6,500.00. Assuming there are no variable costs and no other fixed costs change, how many ...