Systematic Approach for Manufacturing Strategy

Abstract

Chapter 2 reviews the seven obvious losses regarding productivity and profitability while performing a diagnosis, or value stream map, of four productivity boosters that ultimately lead to profit. There are different ways to evaluate current conditions regarding productivity and each result makes a different evaluation for the present. Applying different techniques leads to a different outcome for each shop. The purpose of a feasibility study (FS) is to ascertain the possibilities of increasing productivity and the level of competitiveness. Through FS analysis, the most important project areas are established with regard to improvement potential, priority, likelihood of success, and likely resultant effects. The four steps are: recognizing poor productivity levels and conquering them; eradicating old corporate position; preparing an auditing system for productivity; and carrying out manufacturing processes that involve management through and through, then to accomplish world-class manufacturing (WCM).