By Paul Walter Odomirok Sr.
Affordability is a brand new idea that permits the implementation of continuing development for any association. It encapsulates modern tools that increase product and repair profitability, raises industry proportion, worth, velocity, caliber and potential, and cuts down on price. This new process addresses the desires of starting to be, enhancing, and maintaining a firm. It offers a framework and origin for launching development projects, deploying non-stop development, and preserving the cultural conduct and behaviors required to proceed such efforts. Case reports from numerous industries, companies, and associations are provided.
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Extra info for Affordability: integrating value, customer, and cost for continuous improvement
Throughout the project, the value was improved, the customer base increased, and the cost (internal and external) was reduced. S. government ordered 124 more planes. At that time, Assistant Secretary of Defense Dr. D. 14). The purpose of affordability is to set the aim and direction for continuous improvement through the lenses of three distinct components: value, customer, and cost. And, to remain vigilant and active to constantly increase value, while always seeking to exceed customer expectations, and to steadily reduce execution costs as well as relentlessly diminish customer costs.
Innovation is how to implement those ideas to address and mitigate the challenges, questions, and opportunities. Although sequentially related, both are critical and stable systems for incorporating each one is important. First, through creativity, the idea must be generated, then innovation must take place to implement that idea and maintain the solution, resolution, or remedy. The 5P Foundation: People, Process, and Performance are cornerstones and footing of affordability. People drive the process(es).
Hows” and the body of the house is a matrix of “whats vs. ” Both of these matrices are filled with indicators of whether the interaction of the specific item is a strong positive, a strong negative, or somewhere in between. ” Rankings based on the whys and the correlations can be used to calculate priorities for the hows. HOQ analysis can also be cascaded, with “hows” from one level becoming the “whats” of a lower level; as this progresses, the decisions get closer to the engineering/manufacturing details; this gets us into QFD defined and described later.