Visual Management, Single Minute Exchange Of Die ( Smed )...

Introduction: In today’s world, opening or managing a company is very difficult. The Economic crisis, heavy taxation and barriers of entrance in some countries, make it more difficult. But all blame can’t be given to external factors. Most of the times the critical factors are inside the company. So what is the right way of managing a company? In this assignment I studied and analyzed three tools that can help me and are fundamental to success in this business world that is ruled by time and efficiency. The tools I selected are: Visual Management, Single Minute Exchange of Die (SMED) and Value Stream Mapping. VISUAL MANAGEMENT: In order to continuously improve and progress as an organization, people need to observe, communicate and sharing information. The visual management is a strategy that make information easier to interpret and immediately available. Is such an intuitive strategy, many people don’t even realize that they used it in their daily lives and despites this prevalent outside of work place most of organizations don’t know how to take follow advantage of it. The simplicity of visual management causes many people to overlook its usefulness. Image using a water faucet with impropriate mark handles. There is a blue handle for hot water and red handle for cold water. This will be incredibly frustrating and confusing. Societies have established the standard that the color blue indicates cold and color red indicates hot. Therefore the colors are interpreted thatShow MoreRelatedProduction Of The Automotive Industry966 Words   |  4 Pagesmanufacturing, and they define it as the elimination of waste by determining value added activities and non-value added activities. Non-value added activities consist of transportation, inventory, motion waiting, overproduction, over processing, and defects (2014). Elmoselhy has found multiple tools to be used to implement lean manufacturing. Some of these tools are: 5S, Value Stream Mapping, Single Minute Exchange Die, Kaizen, and Autonomation. This list does not include all of the possible waysRead MoreCorrelation between Cost Reduction and Manufacturing Perishable Food Reduction Item s1077 Words   |  4 PagesTechnology† barbed out â€Å"The food manufacturing industry needs improvement on various methods when it comes to production such as lean manufacturing for operational effectiveness† (Mahalik, 2010). [2] â€Å"In academia, the majority of the operations management literature focuses on the application of lean manufacturing in large discrete organizations (Moreno-Luzon, 1993). [3] Few academic articles even started to raise interests over the straightforward application of lean manufacturing in processingRead MoreLean Manufacturing And Process Improvement Essay2326 Words   |  10 Pagesusing value stream mapping in an auto-parts manufacturing unit†, Journal of advances in Management Research, Vol.10 iss 1 pp. 72-84 Submitted to: Submitted by: SardarAsif Khan Simarjot Singh Student ID : 104514634 BACKGROUND INFORMATION AND PROBLEM DESCRIPTION The given mentioned research paper basically features the implementation of process improving Lean Manufacturing methodologies especially Value Stream Mapping (VSM)Read MoreThe Performance Of A Company2640 Words   |  11 Pagesin certain types of industries and business categories. LEAN PRESENTATION Companies are attracted to the Lean practice because it focuses on continuous improvement through research, identification, eliminating waste or activities that have no value to an organization. Lean includes a set of tools and technologies for improving processes and services. It is more practical for instance, for a delivery truck driver to make his round when there is less traffic jam, to save time and fuel. The leanRead MoreImplementation of Lean Manufacturing Tools in Garment Manufacturing Process Focusing Sewing Section of Men’s Shirt17575 Words   |  71 Pagesof Men’s Shirt Naresh Paneru Master’s thesis Autumn 2011 Degree Programme in Industrial Management Oulu University of Applied Sciences Author: Title of Thesis: Naresh Paneru Implementation of lean manufacturing tools in garment manufacturing process focusing sewing section of Men’s Shirt Thesis Supervisor: Degree: Graduation Year: Number of Pages: Hannu Pà ¤Ãƒ ¤talo Degree Programme in Industrial Management Autumn, 2011 72 + 8 ABSTRACT Traditionally operated garment industries are facing problemsRead MoreSupply Chain Management Essay7333 Words   |  30 Pagesimportant consideration in corporate strategy. Expansion of activities downstream is referred to as forward integration, and expansion upstream is referred to as backward integration. The concept of vertical integration can be visualized using the value chain. Considering the fact that the tool company’s products are made using an assembly process given this, it should implement backward integrating into intermediate manufacturing or forward integrating into distribution. There are two important issues