Factor-rating systems are used as a location selection tool. It is simple to use while also utilizing both qualitative and qualitative data in order to assign specific
weights based on the relative importance.
The above table only shows one locations rating which wouldn’t be helpful as we would need multiple locations with their respective rating in order to make a more informed decision.
Logistics ties in with supply chain management and needs to be understood as in industry goods need to be procured stored and dispatched...
Understanding the different types of manufacturing processes are also important to answer engineers as it helps us to better describe or...
The five W's and an H method allows us to simplify a problem by asking 6 specific questions in order to arrive at the solution that's...
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