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It's About Time : The Competitive Advantage of Quick Response Manufacturing (With CD-ROM)

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Title: It's About Time : The Competitive Advantage of Quick Response Manufacturing (With CD-ROM)
Author: Rajan Suri
ISBN: 036748028X / 9780367480288
Format: Hard Cover
Pages: 230
Publisher: Productivity Press
Year: 2020
Availability: In Stock
Special Indian Edition Price at Rs.2195/-. FREE Shipping within India. Delivery : Within 2 to 4 working days.
     
 
  • Description
  • Contents

In the decade since the publication of Rajan Suri’s landmark book, Quick Response Manufacturing, the innovative principles of QRM have been proven with impressive results at many companies, big and small, in a variety of industries. While the key principles of QRM remain unchanged, after a decade of teaching QRM workshops to senior executives, Suri has developed a clear, concise, and accessible method of presenting QRM strategy using four core concepts:

  • The Power of Time – the huge impact time has on your entire enterprise
  • Organization Structure – how to structure your organization to reduce lead times
  • System Dynamics – understanding how interactions between jobs and resources impact time to make better decisions on capacity, lot sizes, and similar issues
  • Enterprise-Wide Application – QRM is not just a shop floor strategy, it extends across your whole enterprise including material planning and control, supply management, office operations, and new product introduction

Presenting new case studies on QRM implementation, It's About Time: The Competitive Advantage of Quick Response Manufacturing illustrates how QRM can not only reduce lead times but also improve quality, reduce operating costs, and enable companies to gain substantial market share. This practical reference explains how factories in advanced nations can use QRM strategy to compete with manufacturers in low-wage countries. In addition, it provides helpful pointers for QRM implementation, including accounting strategies, novel cost-justification approaches, and a stepwise process for implementation.

Also included is a bonus CD with five appendices that provide a number of practical details to assist in the success of your QRM implementation. When you are ready to start implementing QRM, you will find that these appendices contain time-saving tips to help you work through implementation issues—including simple calculation methods and tools to support the design of your QRM strategy.

Contents of Bonus CD
Acknowledgments
Introduction

Chapter 1 : The Power of Time

  • Defining QRM
  • Challenges to Reducing Lead Time
  • QRM Focus is Different from Traditional Approach
  • Manufacturing Critical-Path Time (MCT)
  • Impact of MCT on Your Organization’s Performance
  • Rethinking the "On-Time Delivery" Metric
  • Squeezing Out Time Leads to Numerous Improvements

Chapter 2 : Organizational Structure for Quick Response : QRM Cells, Teamwork, and Ownership

  • Response Time Spirals
  • Four Structural Changes for Quick Response
  • Harnessing the Power of the Four Structural Keys

Chapter 3 : Understanding and Exploiting System Dynamics Principles

  • The Parable of the Landing Gear
  • The Pitfall of High Utilization
  • Three-Pronged Strategy to Reduce Flow Time
  • System Dynamics Compared with MRP, EOQ, and Other Traditional Approaches
  • Why Companies Mistakenly Invest in Warehouses Instead of Machines

Chapter 4 : A Unified Strategy for the Whole Enterprise

  • Principles of Quick Response in Office Operations
  • Restructure Your Material Planning System to Support QRM
  • POLCA—the Shop Floor Material Control Strategy to Support QRM
  • Transforming Your Purchasing Using Time-Based Supply Management
  • Time-Based Mindset for New Product Introduction
  • Summary and Next Steps

Chapter 5 : A Roadmap for QRM Implementation

  • "Power of Six" Rule for Cost Impact of QRM
  • Mind-Set First, Technology Later
  • Embarking on Your QRM Journey
  • Switch to Time-Based Cost Justification of QRM Projects
  • Use Accounting Strategies to Support QRM
  • Recognize that Your Existing Improvement Strategies Strengthen Your QRM Program
  • Use QRM as a Positive, Unifying Perspective for Your Entire Business

Index
About the Author

Bonus CD:

Appendix A : Tips for Calculating Manufacturing Critical-Path Time (MCT) and Creating MCT Maps
Appendix B : Practical Examples of Focused Target Market Segments (FTMS)
Appendix C : Examples of How to Think Outside the Box When Creating Quick Response Manufacturing (QRM) Cells
Appendix D : Simple System Dynamics Calculations for Quick Insights
Appendix E : Implementing POLCA: The Material Control System for Low-Volume and Custom Products

 
 
 
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