Capacity Planning – Meaning, Classification and its Goals
February 12, 2025
Finite Resources and Infinite Consumption We live in a world of finite resources many of which are consumed at an alarming pace. Given the fact that the emerging markets like the BRICS (Brazil, Russia, India, China, and South Africa) are joining the developed countries of the west both in terms of living standards and in […]
Globalization, Localization, and Glocalization It is a known facet of globalization that businesses that operate across the world have to contend with global policies and local regulations at the same time. In other words, these international businesses have to not only follow the global rules set by world trade bodies like the WTO (World Trade […]
As children, we have always had to prove to our teachers or our parents that we have been working. The homework book was proof that we have spent our time productively and would often calm down angry parents and teachers. It seems like the same principles also apply in corporate life! Harvard Business Review has […]
Gone are the days when outsourcing meant a steady stream of jobs being shipped to India. Now the trend is for Indian companies to create jobs in the West. This phenomenon which is gathering pace in recent times is known as reverse outsourcing or the trend of Indian IT and BPO companies opening offices in […]
Supply chain efficiencies depend upon the efficiency of logistics including transportation and warehousing operations. Warehouse efficiencies depend upon a combination of warehouse design, layout, infrastructure, systems, process and people. In cases where one can design a warehouse and implement the complete project from ground zero, gives the SCM Project Manager a good scope to create […]
Manufacturing has evolved considerably since the advent of industrial revolution. In current global and competitive age, it is very important for organization to have manufacturing practice which is lean, efficient, cost-effective and flexible.
World class manufacturing is a collection of concepts, which set standard for production and manufacturing for another organization to follow.
Japanese manufacturing is credited with pioneer in concept of world-class manufacturing.
World class manufacturing was introduced in the automobile, electronic and steel industry.
World class manufacturing is a process driven approach where various techniques and philosophy are used in one combination or other.
Some of the techniques are as follows:
Idea of using above techniques is to focus on operational efficiency, reducing wastage and creating cost efficient organization. This leads to creation of high-productivity organization, which used concurrent production techniques rather than sequential production method.
World class manufacturers tend to implement best practices and also invent new practices as to stay above the rest in the manufacturing sector.
The main parameters which determine world-class manufacturers are quality, cost effective, flexibility and innovation.
World class manufacturers implement robust control techniques but there are five steps, which will make the system efficient. These five steps are as follows:
There are three main principles, which drive world-class manufacturing.
The main aspects of the world-class manufacturing are as follows:
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