Ford Motor Co. opens a new Total Cost Management Center (TCM) in Dearborn, MI, to allow suppliers to work more closely with the automaker on product design and in ferreting out waste throughout the supply chain. Experts estimate 30% of vehicle and component production constitutes waste. Some 150 suppliers attended last Friday's opening. Ford first created TCM in 1987 as a way to assess its value-added activities, and since 1993 the operation has been located in nearby Livonia. The company ...

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