Available under Creative Commons-ShareAlike 4. Firms rely on price to cover the cost of production, to pay expenses, and to provide the profit incentive necessary to continue to operate the business. We might think of these factors as helping organizations to:
Articles Eric Leclair, co-founder and President of a rubber manufacturer that serves several verticles including the Medical industry, wrote an article a while back called Custom parts vs.
In this article Eric weighs the pros and cons of using standard parts in new product designs, versus the apparently higher cost and risk of more desirable outcomes that customized components can bring to innovative applications.
Of course each product is different and the decision to use customized or standard components has to be made based on a series of considerations. Are there suppliers that have the specific knowledge and experience to execute on the critical specification?
Can overall parts count be reduced by the process of customization? What is the minimum number of units required to make this interesting to a supplier?
Sure, he says, because the process of customization includes the elimination of unneeded material and often includes new or lateral functionality pushing down the overall product cost. Still more importantly, working with suppliers engineering teams, customers find a lower overall component count in their bill of materials because in many cases they can push other functionality into the custom solution or remove redundant enclosure extrusions through full integration of peripheral into their product.
Suppliers of standard components typically give extensive lead times before changing or obsoleting a component.
And when considering custom solutions, companies must foresee longer lead times for delivery. Smaller custom printer suppliers, like KFI, focus on agility and turn time to support their customers product cycle: Eric concludes his article in the following way: Innovation is the lifeblood of any successful organization, so how will your company distinguish itself in a world of carbon copy products?Service Standardization Standardization Standardization describes a process of uniﬁ - cation, especially in terminology, capabilities of personnel, technology, and organizational processes Background pared (Mörschel, ).
For businesses, standardization. Provides detailed reference material for using SAS/STAT software to perform statistical analyses, including analysis of variance, regression, categorical data analysis, multivariate analysis, survival analysis, psychometric analysis, cluster analysis, nonparametric analysis, mixed-models analysis, and survey data analysis, with numerous examples in addition to syntax and usage information.
Books on Design for manufacturability (DFM), standardization & cost reduction techniques that can cut total cost in half while improving quality & lead time.
UNLV Theses, Dissertations, Professional Papers, and Capstones Fall Customization vs.
standardization in global hotel expansion Nenad Praporski. Custom printers vs Standard: The Debate of Complexity, Cost and Quality.
Articles. He states that many firms force “standardization” on their designers and engineers because they believe that this drives down costs, both upfront design product design costs and during the entire life cycle of the product: inventories can be managed.
The purpose of the proposed qualification standard is to provide those who have the responsibility for the computer network infrastructure within FDA regulated industry, specific information and guidance to effectively support both business and regulatory compliance expectations.