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

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

by Kim H. Pries, Jon M. Quigley
December 2012
Intermediate to advanced content levelIntermediate to advanced
365 pages
9h 58m
English
Auerbach Publications
Content preview from Reducing Process Costs with Lean, Six Sigma, and Value Engineering Techniques

CHAPTER 14 – When Cost Improvement Goes Wrong

I. Rubric

We considered putting a moderately humorous, somewhat sarcastic rubric in this chapter. Unfortunately, we believe it would probably be misunderstood. Perhaps we will save that idea for a magazine article.

II. Questions to Ponder

  • How can we tell when a cost improvement opportunity is a problem laying in wait?

  • Should all cost improvement projects have the same level of diligence as typical product development projects—do we omit steps?

  • Ponder a time when you were involved in a cost rationalization or improvement exercise. What do you think went awry?

  • Consider what warning signs may be available to tell us that a given cost reduction is more liable to be a cost catastrophe.

  • How would ...

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Publisher Resources

ISBN: 9781439887264