LEAN MANUFACTURING - ITS IMPACT ON SUPPLY CHAINAuthor: Nick Misra
Company: Adchem Corporation
Date Published: 1/24/2008 Conference: Pan Pacific Symposium
Process improvement, Manufacturing cycle time reduction and inventory management could generate tangible cost savings. Manufacturing cycle time is dependent upon tight linkage between the supply chain and delivery to the Customer. Supply chain gets more convoluted as more and more manufacturing companies in the U. S. A. look to foreign suppliers for cost savings.
Lean manufacturing eliminates of non-value added processes reducing waste of time and money. Vendor managed inventory (VMI) is another critical component of this strategy. Next step is to link supply chain to the sales and operation plans (S & OP) streamlining inventory management. This process can then become integral to total quality management system.
This discussion will primarily focus on lean manufacturing as this process holds the key to reducing Manufacturing Cycle Time while ‘freeing up’ capacity thus deferring capital outlay. Value stream mapping of the inventory management process will be discussed as a basis for creation of Lean Manufacturing Operation and here the relationship to the supply chain will be demonstrated.
Key words: Lean Manufacturing, Supply Chain, Inventory, Manufacturing Cycle Time
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