Corus final

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Corus, Operation Management, restoring success.

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Corus final

  1. 1. Corus : The Corus Way Committed to Progress Ankit Suneja (7),Harsh Sachdeva(31) Ganapathy (23), Sudhir Bishnoi (56) Rakesh Roshan(46), Arnab Banerjee(11)
  2. 2. Contents Corus : Introduction Corus : Continuous Improvement The Corus Way CI v/s CC / Recommendations Corus : Background 1 3 4 5 2
  3. 7. <ul><li>Corus is Europe's second largest steel producer with annual revenues of around £12 billion and a crude steel production of over 20 million tonnes. </li></ul><ul><li>With innovation and continuous improvement at the heart of its business performance, Corus aims to create value by offering a differentiated product range supported by unrivalled customer service. </li></ul><ul><li>Corporate responsibility is integral to the way Corus does business and the objective is to be world class. </li></ul><ul><li>Corus is a subsidiary of Tata Steel. </li></ul><ul><li>Corus supplies a variety of innovative solutions to a broad range of markets. We have specific information for our key market sectors. Please select from the list here. </li></ul>
  4. 9. Corus : Background <ul><li>Since 1999, when it was set up, it has been making losses. In 2004 its new boss brought in a program called 'Restoring Success'. </li></ul><ul><li>This was designed to reduce waste and increase efficiency. </li></ul><ul><li>By the end of 2004, this was a success with half of the target savings made. </li></ul><ul><li>Corus made a profit for the first time in 2004. </li></ul>
  5. 10. Restoring Success  The Corus Way
  6. 11. Best supplier to best customers World Class processes Selective growth The Corus Way
  7. 13. <ul><li>Reliability </li></ul><ul><li>Innovation / branding </li></ul><ul><li>Close relationships </li></ul><ul><li>Selectivity </li></ul><ul><li>Technical advice to its customers around the world. </li></ul>Best supplier to best customers
  8. 14. <ul><li>Providing the necessary Skills </li></ul><ul><li>Benchmarking and sharing best practices </li></ul><ul><li>Empowering people to perform </li></ul><ul><li>‘ Lean principles’ </li></ul><ul><li>Continuous Improvement </li></ul>World Class processes
  9. 15. <ul><li>Low cost / high growth countries </li></ul><ul><li>Raw Materials </li></ul><ul><li>Focused Western European developments </li></ul>Selective growth
  10. 16. <ul><li>The goal is to improve processes and products over time, taking care to maintain improved performance levels while seeking out further opportunities for improvement. </li></ul><ul><li>Known as KAIZEN in Japanese. </li></ul><ul><ul><ul><li>Kai change </li></ul></ul></ul><ul><ul><ul><li>Zen good </li></ul></ul></ul><ul><li>Cutting out pointless activities </li></ul><ul><li>• Making products and carrying out processes more efficiently </li></ul><ul><li>• Making processes common and consistent throughout the business. </li></ul><ul><li>Good is never good enough. </li></ul><ul><li>Kaizen is a never-ending journey to excellence. </li></ul>Continuous improvement
  11. 17. Continuous improvement <ul><li>The Corus Academy </li></ul><ul><li>Setting up of a 'virtual' academy. This helped Corus share best practice. </li></ul><ul><li>It builds common approaches to the sharing of knowledge and expertise. </li></ul><ul><li>Learning is helped by making sure that all use: </li></ul><ul><ul><ul><li>a common language </li></ul></ul></ul><ul><ul><ul><li>common tools </li></ul></ul></ul><ul><ul><ul><li>standard ways of working </li></ul></ul></ul><ul><ul><ul><li>shared best practice </li></ul></ul></ul><ul><li>Success </li></ul><ul><li>CI has helped save money through reduced waste and improved efficiency. It has also helped improve work and safety conditions. Major savings have been made by changing old systems and customs. Corus has shown that it can provide customers with better value, in a more cost effective way. </li></ul>
  12. 18. Success Mantra Continuous Improvements Success Continuous Change (Innovation)
  13. 20. Continuous improvement V/S Continuous Change Performance Time CC CI Pt
  14. 21. Recommendations
  15. 22. Thank You !

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