BCAG Wichita might face several challenges in implementing an effective cost management strategy. Firstly, the complexity of aerospace manufacturing could lead to unforeseen costs, making it difficult to maintain a lean and efficient design and production system. Secondly, the global nature of the aerospace industry could introduce currency exchange risks and regulatory compliance costs. Thirdly, the need for continuous innovation and technology upgrades could result in high research and development costs. Lastly, the high dependency on suppliers for raw materials could lead to supply chain disruptions and increased costs.
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