2. Where are we?
Are we a traditional Manufacturing company
β’ Process layouts?
β’ High Inventory β Inventory considered as Asset?
β’ Very high setup time?
β’ Low variety, high volume?
β’ Big EBQ batch sizes?
β’ Long Lead time?
β’ Inward focus not customer focus?
β’ High manufacturing cost?
β’ Low Profit margins?
3. What do we need to do immediately
Make it:
β’ Better
β’ Cheaper
β In Manufacturing
β New Product Introduction
β Information flow
4. Efficient Manufacturing System
How?
ΓΎ Balanced use of people, equipment and material
that gives us the lowest manufacturing cost
ΓΎ Lowest manufacturing cost assumes all waste is
eliminated