With global barriers reducing, and the economies becoming more volatile now, the main differentiator to most products is reduced to just two: quality and costs.
The high fluctuations in the demands and the contraction of growth projections are adding to the risk exposure of their investments. In such times, it is a necessity to go for diversification of risks and maintaining a low cost base: both fixed and variable.
At a major industrial goods manufacturer, a significant loss of resource was occurring due to productivity issues. There was no headway with the union negotiations. The company came up with a three-pronged approach aimed at optimizing the overall processes:
Our mandate was to improve productivity and help reduce operating costs. Phenomenal results from Modelling and Simulation methods based on time-study (Maynard Operations Sequence Technique) and our unique re-engineering approach that showed the lowering of the set-up time at a critical workstation from 8 hours 40 mins to less than 5 mins!
Our work was recognized by IJIE in 1997.