by Jerry Collins | Jul 25, 2022 | Uncategorized
How the false consensus effect eats up your profit We succumb to it in our private lives and at work. Whole departments and companies can fall into its clutches. The false consensus effect, discovered by Lee Ross and published with two colleagues in 1977, describes...
by Jerry Collins | May 5, 2022 | Uncategorized
Hello, I recently had the privilege to talk with Temie Fessa from FLEXPIPE. Below is the corresponding article and audio file. Thanks Jerry Collins Founder Society of Cost Engineers BORROWING LEAN MANUFACTURING CONCEPTS FROM THE AUTOMOTIVE INDUSTRY By Simon Lejour...
by Jerry Collins | Dec 15, 2021 | Uncategorized
The Value of Precision Cost Estimating in Product Development Looking at the costs of a component or manufacturing process as early as the development phase helps uncover and utilize savings potential early on. A simple example makes this clear: the decision whether a...
by Jerry Collins | Jun 23, 2020 | Uncategorized
TAKT TIME / ACTUAL TAKT TIME – LEAN BEST PRACTICE AND LOWEST PART COST Today I’m opening a discussion about of 2 terms that come from the Lean lexicon: TAKT TIME, and ACTUAL TAKT TIME. Remember, “Lean” is the occidental word defining what it is basically the Toyota...
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