benefits

Product standardization is a technique in engineering design that aim to reduce the number of different parts within a product. The benefits are:

• lower supply chain
  Supply chain
  A supply chain is a system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer. Supply chain activities transform natural resources, raw materials and components into a finished product that is delivered to...
  
   costs
• product platforms
• faster product design
  Product design
  -Introduction:Product design is the process of creating a new product to be sold by a business or enterprise to its customers. It is concerned with the efficient and effective generation and development of ideas through a process that leads to new products.Product designers conceptualize and...
  
  

The the supply chain costs are simple to reason:

• less variety of supplier, less supplier in numbers
• less stock keeping units (SKU)
• more economics of scale
• less variety of production operations

Product platforms are enabled through:

• standardized parts
  Interchangeable parts
  Interchangeable parts are parts that are, for practical purposes, identical. They are made to specifications that ensure that they are so nearly identical that they will fit into any device of the same type. One such part can freely replace another, without any custom fitting...
  
   can be re-utilized across a product family
• standardized parts can be re-utilized across product generations

The product design process becomes faster because:

• standaridzed parts can be pulled from an engineering database
• already standardized parts do not need to be designed again

standards

Standardization can occur through two ways

• industry standard
  Standardization
  Standardization is the process of developing and implementing technical standards.The goals of standardization can be to help with independence of single suppliers , compatibility, interoperability, safety, repeatability, or quality....
  
  setter
• company standards