Manufacturing Philosophies... Continued...
What are the Manufacturing Philosophies???
Corporations adapt most suitable philosophy that aligns best with their business strategy and type of business.
Some of the well-known approaches are,
Lean Manufacturing – Waste Reduction OR Waste Elimination
Six Sigma – Variation Reduction
Theory of Constraints – Bottleneck Reduction
Quick Response Manufacturing – Lead Time Reduction
MRP – IT enabled automated system to reduce Human Errors and Efforts to improve information system
WCM (World Class Manufacturing) – Combination of multiple strategies
There are many more strategies that companies adapt, but the main objective is to either reduce Non-value added time OR improve quality OR increase speed and productivity.
Every Strategy has Guiding Principles, Structured Flow or Phases and Tools to achieve desired results in systematic manner.