Product Creation, business & finance homework help

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This week you have had the opportunity to learn about the process that goes into product creation. One of the concepts you learned about was lot traceability. You will remember that this technique provides tracking on a part or product which can be important during the development stages. Assume that you are a manager for an auto manufacturer and you are looking to track your brake pads for a new model vehicle that is coming out. Please explain why you feel it is important that lot traceability be used to monitor your product.

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