Use of common parts and designs in high-tech industries: a strategic approach

Christopher M. McDermott, Gregory N. Stock

Research output: Contribution to journalArticlepeer-review

55 Scopus citations

Abstract

Manufacturers have carefully examined their current new product development cycles due to changes in customer demands. The use of common parts and designs brought about by the greater prevalence of computer-integrated manufacturing systems is now considered a powerful and increasingly accessible way for firms to compete in the increasingly competitive global market. Commonality can provide inventory-related benefits, however an example provided in this study shows that commonality can provide far-reaching competitive advantages. This indicate that commonality has become a strategic competitive weapon.

Original languageEnglish (US)
Pages (from-to)65-69
Number of pages5
JournalProduction and Inventory Management Journal
Volume35
Issue number3
StatePublished - Sep 1994
Externally publishedYes

ASJC Scopus subject areas

  • Industrial and Manufacturing Engineering

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