Value Stream Mapping 1 Value Stream Mapping Definition • Value Stream Mapping (VSM): – Special type of flow chart that uses symbols known as "the language of Lean" to depict and improve the flow of inventory and information. 2 Value Stream Mapping Purpose • Provide optimum value to the customer through a complete value creation process with minimum waste in: – Design (concept to customer) – Build (order to delivery) – Sustain (in-use through life cycle to service) 3 Why
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http://www.studymode.com/essays/Inventory-Management-622640.html INVENTORY MANAGEMENT 1. INTRODUCTION DEFINATION AND MEANING Inventory is a list of goods and materials, or those goods and materials themselves, held available in stock by a business. Inventory are held in order to manage and hide from the customer the fact that manufacture/supply delay is longer than delivery delay, and also to ease the effect of imperfections in the manufacturing process that lower production efficiencies
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there are eight work stations, the average sales (demand) rate is three per day, thirty-two pieces are in-process, and product process speed is twenty-one per day. Where may there be problems here from a JIT perspective? 4. A JIT system uses kanban cards to authorize production and movement of materials. In one portion of the system, a work center uses an average of 100 pieces per hour while running. The manager has assigned an efficiency factor (X) of .20 to the center. Standard containers
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CASE: QUALITY PARTS COMPANY Questions 1. Which of the changes being considered by the manager of Quality Parts Company are counter to the lean philosophy? The philosophy of Lean Production involves the removal of wastes and non-value processes or production in the supply chain. The manager of Quality Parts Company has been contemplating to install an automated ordering system to help control inventories and to keep the skids filled. But this means the use of inventory
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Business Brief Abstract This business brief will discuss Autoliv, a Fortune 500 company who manufactures automotive safety components (Krajewski, Ritzman, Malhotra, 2013). Autoliv has over 80 plants in more than 32 countries, all of which run on a lean manufacturing system, which is referred to as “Autoliv Production System (APS) (Krajewski, Ritzman, Malhotra, 2013). Toyota pioneered the principles that the APS is based on (Krajewski, Ritzman, Malhotra, 2013). Another A lean system allows businesses
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LEAN SYSTEMS Reduction in inventory because of robots. Quick and faster. Change the layouts and set-ups. Is learning organization approach for designing supply chain system known as lean system. Lean systems are operation systems that maximize the value added by each of the companies activities by removing waste and delays from them. It is making more efficient, more quicker and faster( is lean system). Lean systems develop more efficient manufacturing operations. What is JIT just in time-that
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Materials Requirements Planning (MRP) Material requirements planning (MRP) is a computer-based inventory management system designed to assist production managers in scheduling and placing orders for dependent demand items. Dependent demand items are components of finished goods—such as raw materials, component parts, and subassemblies—for which the amount of inventory needed depends on the level of production of the final product. For example, in a plant that manufactured bicycles, dependent demand
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uses the kanban system to manage the pull production system and help coordinate the production and movement of parts and components between processes to avoid excesses or shortages. JIT requires confidence that the supplier chain will meet commitments It is important to understand that kanban works within the framework of JIT to manage flow. This means that a company cannot achieve JIT without some form of kanban. Conversely, if a company is not pursuing JIT or a lean environment, kanban is not likely
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7. They used X-matrix 8. SMART: Scale of technology, Margin, Agility, Reliability and Trust. * For measuring they used 1. Pereto charts 2. Bar Graphs 3. Control Charts * For production flow they used 1. Heijunka box 2. Kanban System * For Employee involvement 1. Genba walks (for engineers to know what actual situation on the shop floor) Continuous Improvement: Q2. What were the strategic drivers that have pushed Steelcase to improve? Answer: The Strategic drivers
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Managing Internal Cost & Controlling – Developing & Maintaining Quality – Managing Operations JCT2 Supply Chain Task 1 Western Governor’s University Introduction My company name was Arete Sytems. Arete is an ancient Greek term meaning “excellence of any kind”. The choice of name was intended to represent the quality, high-end systems that we would produce. B1. Using Budgets and Pro-Forma Statements to Plan Production Capacity One of my key lessons from this simulation
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