As engineering and business quite often go hand in hand, the tactics Henry Ford has implemented in the development of many different aspects of his company demonstrate how he achieved total cost minimization while maintaining high productivity and high quality of his products. The invention of the assembly line, a milestone in the automotive industry, the invention of Henry ford’s simple and sturdy car- Model T, and increases in the salary wages of workers in the increasing number of manufacturing plants helped Henry Ford garner the ability to minimize all the total costs while still being a very successful and popular businessman/engineer. He laid the foundation for the future generation to continue along this path and discover even better methods to revolutionize automation. There has been such a significant improvement in technology until now and all the credit should be given to Ford’s total minimization of cost theory. Automation has led to a large reduction in the price of the automobiles to the point a person nowadays is completely immobile without it. Although, the minimization of costs caused layoffs of the workers, the minimization of total costs in production still had a huge positive impact in the practice of
As engineering and business quite often go hand in hand, the tactics Henry Ford has implemented in the development of many different aspects of his company demonstrate how he achieved total cost minimization while maintaining high productivity and high quality of his products. The invention of the assembly line, a milestone in the automotive industry, the invention of Henry ford’s simple and sturdy car- Model T, and increases in the salary wages of workers in the increasing number of manufacturing plants helped Henry Ford garner the ability to minimize all the total costs while still being a very successful and popular businessman/engineer. He laid the foundation for the future generation to continue along this path and discover even better methods to revolutionize automation. There has been such a significant improvement in technology until now and all the credit should be given to Ford’s total minimization of cost theory. Automation has led to a large reduction in the price of the automobiles to the point a person nowadays is completely immobile without it. Although, the minimization of costs caused layoffs of the workers, the minimization of total costs in production still had a huge positive impact in the practice of