2019•Asian Journal of ManagementOpen access

Reduction of inventory waiting time in machine component manufacturing unit by using lean tools

Balaji Sankaranarayanan, Saurabh Kumar

Abstract

In current competitive world, manufacturing industries are gaining an advantage by constant elimination of Non-Value-Added activities in their process in order to increase productivity, reducing inventory waiting time, operating cost and lead time to meet a customer demand and satisfaction. Industries with higher inventory waiting time leads to lead time of a product. Work aimed for the individual project is Reducing an inventory waiting time of Tool Magazine Bracket for 10% by using lean tools.

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Key concepts: Lean manufacturing, Component (thermodynamics), Unit (ring theory), Reduction (mathematics), Manufacturing engineering, Cellular manufacturing, Operations management, Computer science