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Nessie000 Posted 17 years ago
Grammar
'variances'?
Hi,
Please have a look at this:
Manage inventories.
In normal times the focus of operations tends to be on customer satisfaction, low cost and low manufacturing variances.
What does 'variance' mean here? (I've looked it up in dictionaries but still not very clear about its meaning here).
Thank you very much,
Nessie.
Please have a look at this:
Manage inventories.
In normal times the focus of operations tends to be on customer satisfaction, low cost and low manufacturing variances.
What does 'variance' mean here? (I've looked it up in dictionaries but still not very clear about its meaning here).
Thank you very much,
Nessie.
Top answer
low manufacturing variances = precisely manufactured products (little difference in measurements or operational parameters)
- low manufacturing variances = precisely manufactured products (little difference in measurements or operational parameters)
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3 Answers
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low manufacturing variances = precisely manufactured products (little difference in measurements or operational parameters)
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Mister Micawber
low manufacturing variances = precisely manufactured products (little difference in measurements or operational parameters)
I guess it could mean something along these lines, but it seems that "manufacturing variances" is also an accounting term. I imagine it refers to some kind of monetary adjustment affecting a company's ac
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Manufacturing variance is computed by SPC (standard Statistic Control). Lower the variance, lower the cost and higher the yield.
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