lean six sigma Importance of short production cycle times

Henry Ford claimed that “One of the most noteworthy accomplishments in keeping the price of Ford products low is the gradual shortening of the production cycle. The longer an article is in the process of manufacture and the more it is moved about, the greater is its ultimate cost.”

Discuss why Henry Ford’s assertion is correct.

must be 350 words
text book

• The Six Sigma Way by P. Pande, R. Neuman, R. Cavanagh;McGraw Hill Publishers; 2014,
• The Lean Enterprise Memory Jogger (GOAL QPC) ISBN 1-57681-045-3

2nd edition, ISBN 978-0-07-149732-9, MHID 0-07-149732-3

please no plagiarism !!! 0% similarity