GROUP TECHNOLOGY IN CONTEXT OF THE PRODUCT CLASSIFICATION
Lenka Debnárová 1  
,  
Denisa Krchová 2  
,  
Ivan Kuric 1  
 
 
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1
University of Žilina, Faculty of Mechanical Engineering, Department of Automation and Production Systems, SK-010 26 Žilina, Slovak Republic
2
Technical University in Košice, Faculty of Manufacturing Technology, Department of Computer Aided Manufacturing Technology, SK-080 01 Prešov, Slovak Republic
Publish date: 2014-03-05
 
Adv. Sci. Technol. Res. J. 2014; 8(21):78–81
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ABSTRACT:
In the intensive competitive environment of the global economy, the survival of even the most well-established the world manufacturers depends on the ability to improve continuously quality while reducing costs. The resulting higher productivity is the key to market leadership and gaining sustainable competitive advantage. This paper outlines a group technology and classification of products which improve productivity, quality, inventory management of a company and reduce production times.