Accession Number : ADP003497

Title :   Profit Responsibilities in the Simulation and Training Equipment Industry,


Personal Author(s) : Mitchael,J. L.

Report Date : 16 NOV 1983

Pagination or Media Count : 5

Abstract : The objective of increased readiness through training can be enhanced through mutual military/industry efforts to support a viable earnings position. Strong financial health of companies competing in the market provides the resources, knowledge and systems that supply advanced technology and products that meet military training objectives. Government agencies can contribute by providing clear definitions of the product needed, by imposing only specifications necessary to meet acceptable quality, and by contracting provisions commensurate with program risk. With firm product goals and applicable specifications, industry can minimize risk through sound planning and stable performance. Industry can contribute by developing resources and systems that are efficient and effective in providing training products. Capability growth fosters innovativeness in advanced planning and productiveness, which are significant to providing quality products on schedule at the lowest cost possible. Industrial growth to bring this about is possible only if industry is in a strong financial position. (Author)

Descriptors :   *Profits, *Industries, *Finance, *Military procurement, Financial management, Corporations, Marketing, Resources, Military requirements, Simulators, Training devices, Specifications, Acceptability, Quality, Contract administration, Planning, Industrial production, Performance(Engineering), Productivity, Timeliness, Cost effectiveness, Military training

Distribution Statement : APPROVED FOR PUBLIC RELEASE