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Design Costs Link to Classification

Posted by Ryan Donovan on Aug 19, 2015 10:08:00 AM

1. Classification: - a simple concept saves money and time

Companies can leverage classification to reduce design costs. The scientific community regularly uses classification to understand relations among items, with the plant and animal classification schemes perhaps the most familiar.

A classification scheme groups relevant components in a logical and systematic hierarchy and brings technically similar items together, yet uses attributes to distinguish them by their specific details. A classification scheme embraces all existing items and is able to accept new items into the component population using attributes to create mutually exclusive locations for similar components and excluding dissimilar components.

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Topics: Governance, Classification, Data Cleansing, Benchmarking

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