The aircraft manufacturing industry has four major players: Boeing, Airbus, Bombardier, and EMBRAER. The latter is a Brazilian company that has built a success story by developing highly customized airplanes for regional aviation. EMBRAER wins many orders despite its airplanes' higher acquisition costs compared to its main competitor, Bombardier. According to market specialists, the acquisition costs are significantly compensated by the total maintenance cost of EMBRAER'S airplanes throughout their lifespans. This is gained through the constant development of new parts and components that are as light and durable as possible, a quality essential for all companies in this industry. What priorities seem to give EMBRAER a competitive edge in this industry? Flexibility and cost Innovation and flexibility Cost and innovation Time and cost
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
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