Naser Shoukat Firfire
Inventories in an organisation
Waste of time happen when goods are not moving or beingprocessed. The operator, the machine or the part will either be not working or beworked upon. The duration of waiting is can be said to be unproductive and maycreate more serious consequences.4.
Any unnecessary movement is a waste of energy; it causesblockages, disrupting movements and delaying the flow of other items creatingdelays.5.
The people, who work, do not make a study as to how the products onwhich they are making are utilised and do not realise the purpose for which they aremade. This lack of education will lead to waste of resources. Finally, they end up inshortage of resources when needed.6.
The defective products lead to a tremendous loss to thecompany. This is because they use up the same equipments, workmen and the timethat would be used to make good products. Thus defective products use up resourcesand result in losses.7.
Some steps like unnecessary processing or production do notadd value to the final output. As a result, it is waste of all the inputs that go into theprocess.Since these wastes have to be eliminated, a thorough study of how they occur andwhat steps would result in their elimination is of paramount importance. The nextsection focuses on some of them.
13.3 Key Processes to Eliminate Waste
The key processes to eliminate the wastes are listed below:13.3.1 Kanban for material flow13.3.2 High quality production13.3.3 Small and uniform workloads13.3.4 Suppliers as partners13.3.5 Flexible workforce and training13.3.6 Total productive maintenance
Q2. Bring out the historical background of Value Engineering.Elucidatethree companies which have incorporated VE with brief explanation
VALUE ANALYSIS & VALUE ENGINEERINGValue Analysis is an effective tool for cost reduction and theresults accomplished are far greater. It improves theeffectiveness of work that hasbeen conventionally performed as it questions and probes into the very purpose,design, method of manufacture, etc., of the product with a view topinpointing unnecessary costs, obvious and hidden which can beeliminated without adversely affecting quality, efficiency, safetyand other customer features.