Topic > The Ins and Outs of the Learning Curve - 936

As a manufacturing manager, it is important to understand the practical limitations of this type of cost reduction and the implications of applying this strategy. When the organization reaches the practical limit of this strategy, it may not have the flexibility or ability to continue to innovate and make improvements in production efficiency. The decision to apply a learning curve strategy to any manufacturing effort is based on comparing the potential gains in reducing production costs with the possible loss in the ability to improve and innovate. Remember that learning curves differ from company to company, product to product and industry to industry and can be a lot