What are the Criteria for a World Class Manufacturer?

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What are the Criteria for a World Class Manufacturer?
NJ

World class manufacturers are those that demonstrate industry best practice. To achieve this companies should attempt to be best in the field at each of the competitive priorities: - Quality - Price - Delivery speed - Delivery reliability - Flexibility - Innovation Organisations should aim to maximise performance in all of these areas in order to maximise competitiveness. Some ways to do that are: 1. Reduce time wasted in setting and reduce set up times - Particularly true for period batch control because the technique requires every part to be made every period, but it is beneficial in all circumstances to reduce batch sizes by reducing set up times on the bottleneck processes. There is little extra benefit in reducing set up times on non-bottleneck processes. The technique "Single Minute Exchange of Die" or "SMED" provides a structured approach to doing this. 2. Reduce throughput times By far the easiest way of reducing throughput times is to reduce work in process (wip), i (...) Read more? Sign up for free
 

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World Class Manufacturing
V.SHRIDHAR, Business Consultant, India, Member

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