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Some practitioners of PCM are mostly concerned with the cost of the product up until the point that the customer takes delivery (e.g. manufacturing costs + logistics costs) or the total cost of acquisition. They seek to launch products that meet profit targets at launch rather than reducing the costs of a product after production.
The product flow diagram (PFD) is a representation of the order by which a sequence of products is created according to product-based planning principles. It is related to the product breakdown structure (PBS). The product flow diagram is a prescribed activity of the PRINCE2 project management methodology which mandates the use of product-based ...
The first step in the sequence leading to the construction of a process plant and its use in the manufacture of a product is the conception of a process. The concept is embodied in the form of a "flow sheet". Process design then proceeds on the basis of the flow sheet chosen.
The operation chart is a graphical and symbolic representation of the manufacturing operations used to produce a product. [1] The operation chart illustrates only the value-adding activities in the manufacturing process; therefore, material handling and storage are not illustrated in this chart. operation chart records the overall picture of process and sequencewise steps of operations.
Manufacturing cost is the sum of costs of all resources consumed in the process of making a product. The manufacturing cost is classified into three categories: direct materials cost, direct labor cost and manufacturing overhead. [1] It is a factor in total delivery cost. [2]
A process flow diagram (PFD) is a diagram commonly used in chemical and process engineering to indicate the general flow of plant processes and equipment. The PFD displays the relationship between major equipment of a plant facility and does not show minor details such as piping details and designations.
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