Variety reduction means the reduction of unnecessary diversity in a product ranges or line to enhance the efficiencies of products. It is used to reduce the least profitable and less user plea from the ranges of the same principles. It is applied in three areas; the product ranges, list of the raw materials, and engineering spare stocks. Specifically, the product may be the same in the production arena and may be counted several times as redundancy occurs. To avoid these recurring costs and ranges, the standardization method is used. Besides standardization, a simplification is a popular tool.
What is variety reduction mean?
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Academic.Tips. 2022. "What is variety reduction mean?" June 21, 2022. https://academic.tips/question/what-is-variety-reduction-mean/.
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