Focusing on cost-effective purchasing in a production-based company can have several benefits. It can help reduce the overall production costs, which can increase the profit margin. It can also lead to better resource allocation, as less money is wasted on overpriced materials or services. Additionally, it can improve the company's competitiveness, as lower production costs can allow for more competitive pricing. Finally, it can contribute to sustainability efforts, as cost-effective purchasing often involves finding suppliers that offer sustainable materials or services.
The Goal uses simple reasoning as a tool to teach the Theory of Constraints (TOC) by presenting the...
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