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What are the advantages of product standardization and specification during a crisis?

What are the advantages of product standardization and specification during a crisis?

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Advantages of product standardization and specification during a crisis

  • Standardization is the process by which a company makes its production processes, uniform throughout its organization
  • This can be beneficial during a crisis because-
  • Companies incur high cost in customization
  • If sales are low, then these customizations could cost a fortune to companies
  • Standardization helps cut costs by eliminating duplicated effort on lines
  • It allows a company to take achieve economies of scale
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