Airbus, Boeing Eye Production Rate Boosts Across Product Lines – Fly Away Simulation, Flight Simulator #1: I’ve written about Boeing’s impressive cycle time reduction before. I’ve also pointed out quotes from Boeing folks who think and say “well, our costs…
Arizona Republic: For the thousandth time, the Toyota principle is that prices are set by the market, therefore Profit = Price – Cost. The old industrial mindset was a “cost plus” approach where Price = Cost + Profit. This quote…
IndustryWeek : Under Pressure: This ties directly to the Toyota article from the other day and the concept of Profit = Price – Cost. The Industry Week cover story focuses on companies who work hard to mitigate cost increases without…
Toyota Won’t Raise Prices to Help Rivals There was a surprising headline yesterday that said Toyota *was* considering raising prices to “help” Ford and GM. Here is a link to an Auto Blog discussion of that. According to the Wall…