Question

Which of the following is a method of reducing costs by identifying parts in different products that are common and interchangeable?
Group technology
Theory of constraints
Concurrent engineering
Value chain analysis

Answer 1

Group technology is a way to cut costs by identifying elements that are interchangeable and common across various products.

What does "group technology" mean?

Group technology is a strategy that makes use of the commonalities in design and engineering by identifying and grouping together similar pieces. Part families can be created by grouping parts together based on similarities.

What applications does group technology have?

Design standards, manufacture cell patterns, system design, purchasing, and the design of manufacturing technology systems all increasingly depend on the manufacturing philosophy known as Group Technological (GT). Making large cuts in planning time and effort is one of best uses of GT.

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