Manufacturing Sector - Innovation

Description
The PPT explaining about innovation through management practices in manufacturing sector.

Innovation Through Management Practices In Manufacturing Sector

Innovation Through Management Practices
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Manufacturing sector Current contribution 16% to GDP and growing at 3.6% Big challenges – Inflation, Rising cost of Raw materials, Monetary action.

Innovation Through Management Practices
• Product Innovation Eg. Ergonomically designed
keyboard, mouse. • • Process Innovation Eg. Six Sigma, TPM Systems and IT Innovations Eg. SAP, SCADA, DCS systems



Green Technologies Eg. Bio Gas plants

Innovation Through Management Practices
Theory of Constraints (TOC) Quality Functional Deployment (QFD) Kaizen







Innovation Through Management Practices
Theory Of Constraints (TOC)
Every organization has at any given point in time at least one constraint which limits the systems performance relative to its goal



Internal Constraint



Market Constraint

Innovation Through Management Practices
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Key steps in implementation of TOC


Articulate the goal Identify the major Constraints Decide ways of eliminating the constraint. (WWB Analysis)







Putting in place systems and practices devoid of constraints.

Innovation Through Management Practices

Innovation Through Management Practices
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Kaizen
Kaizen’ means Continuous Improvement Implies small changes on continuous basis Process-Oriented Thinking v/s Result-Oriented Thinking Kaizen In Cannon

Innovation Through Management Practices
Kaizen In Cannon
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Objective
- Quality products - Lesser cost - Faster delivery

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The process Identify an issue Discuss with supervisor Implement Maintain the change Next issue

Kaizen in Cannon
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(contd..)

Benefits - Empowers employees - Improves quality, cost structures, throughput, costumer service

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Results - Over 50 improvement ideas per year per employee - Reduce waste - Personal growth as well as company - High cumulative effect

Innovation Through Management Practices

Innovation Through Management Practices
Quality Function Deployment (House Of Quality)


Created By Dr. Mizuno. In TOYOTA, A Cumulative 61% Reduction In Start-Up Cost In The Production Of mini vans.



Innovation Through Management Practices

THANK YOU



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