Benefits
Product standardization is a technique in engineering design that aim to reduce the number of different parts within a product. The benefits are:
- lower supply chain costs
- product platforms
- faster product design
The supply chain costs are simple to reason:
- less variety of supplier, less supplier in numbers
- less stock keeping units (SKU)
- more economics of scale
- less variety of production operations
Product platforms are enabled through:
- standardized parts can be re-utilized across a product family
- standardized parts can be re-utilized across product generations
The product design process becomes faster because:
- standaridzed parts can be pulled from an engineering database
- already standardized parts do not need to be designed again
Read more about this topic: Design To Standards
Famous quotes containing the word benefits:
“One of your biggest jobs as a parent of multiples is no bigger than simply talking to your children individually and requiring that they respond to you individually as well. The benefits of this kind of communication can be enormous, in terms of the relationship you develop with each child, in terms of their language development, and eventually in terms of their sense of individuality, too.”
—Pamela Patrick Novotny (20th century)
“When your parents are in political life, you aren’t normal. Everybody talks about the benefits, but I don’t know what the benefits are.... But I’d rather have that kind of mother than an overweight housewife.”
—Katherine Berman Mariano (b. 1957)
“I do seriously believe that if we can measure among the States the benefits resulting from the preservation of the Union, the rebellious States have the larger share. It destroyed an institution that was their destruction. It opened the way for a commercial life that, if they will only embrace it and face the light, means to them a development that shall rival the best attainments of the greatest of our States.”
—Benjamin Harrison (1833–1901)