When exploring how to improve the manufacturing process, managers focus on two critical parameters: production yield and product cost. Tasking their teams with reducing costs and enhancing yield, managers must address these elements, which are closely interconnected, much like a child’s swing. Despite the well-known link between yield and cost, efforts to improve these parameters often occur in isolation. This article explores two significant strategy vectors: improving production yield and reducing product costs, providing you with more resources to tackle the problem of how to improve a process. Management strategies to improve process designs of services focus on several key…
