Lean manufacturing can help original equipment manufacturers (OEMs) reduce waste, save money and enhance their operations, but it's important to have a thorough understanding of the principles of this strategy to ensure you can execute it properly.
To successfully move toward lean manufacturing, it's essential to have a solid plan in place and clear goals to aim for.
Lean manufacturing is here to stay, and original equipment manufacturers (OEMs) that want to keep up with the competition will need to stay on top of the many tools and methods, such as value stream mapping, to keep their factories running efficiently and smoothly.
Staying on top of the latest industry trends is an effective way to keep original equipment manufacturers (OEMs) at the forefront of the competition, and this is especially true when it comes to technology.
Keeping everything operational and running efficiently is challenging enough, but when you're bogged down with dozens of different tasks and processes to worry about, it's difficult to give your full attention to any one aspect of the production process.
When it comes to lean manufacturing, one of the areas original equipment manufacturers (OEMs) should not overlook is productivity.
Let's look at a few examples of how the Pareto Principle could be applied to OEM operations.
Here's why OEMs in search of more effective procurement should stop thinking with their wallets and start considering the long-term benefits to on-site functionality.
Finding new ways to handle the parts procurement process and manage inventories could potentially lay the groundwork for manufacturing operations that constantly self-improve.
As the clock counts down to 2016, OEMs should celebrate the value VMI programs can bring to Class C Component procurement.