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

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Green Technologies Eg. Bio Gas plants

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

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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

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Internal Constraint

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Market Constraint

Innovation Through Management Practices
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Key steps in implementation of TOC
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Articulate the goal Identify the major Constraints Decide ways of eliminating the constraint. (WWB Analysis)

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

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Innovation Through Management Practices

THANK YOU



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