Capacity Planning – Meaning, Classification and its Goals
February 12, 2025
The Millennial generation has got used to living in an on-demand world. They buy food on demand, hire cabs on demand and even take exams on demand! It was only a matter of time before the manufacturing industry jumped to the on-demand bandwagon as well. The truth is that there is a significant upside to […]
Warranty Management had been traditionally viewed by companies as a cost of doing business. The costs of warranty management were found to be costing between 4 to 5 percent of the total sales revenue of the company per annum and were considered to be the cost of providing customer satisfaction and as an opportunity to […]
Six Sigma is a process oriented methodology designed to improve business performance by improving specific areas of strategic business processes. There are 2 different methodologies available for carrying out improvements in processes or operations. Improvements can be of two types: improving the existing process or designing a new process altogether. When we have an existing […]
In the business world today, every customer expects Organizations to walk the talk. Being sensitive to customer expectations and to ensure that the business operations are not hampered due to any reason, organizations have begun to take the concepts of Disaster Recovery and Business Continuity plans seriously. The concept of Disaster recovery is of prime […]
India and China are two of the fastest growing economies in the world. They are also neighbors and share a huge boundary spanning thousands of kilometers. However, they do not share an amicable relationship. India and China have fought a full-fledged war in 1962. Even after the war, skirmishes between the two emerging nations have […]
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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