Functional Cost Modeling
There are two pieces to a Functional Cost Model. The first is the Functional Model of the product or process. The second is a comprehensive cost analysis which includes material, labor, allocated expenses, allocated assets, production processing and supporting processes, outsourcing, shipping,...
Ten Different Kinds of Errors
- Forgetfulness, because we just weren’t concentrating. Avoided by checking at regular intervals.
- Lack of Understanding, where we jump to the wrong conclusion before becoming familiar with the situation. Avoided by standardized work instructions and training.
- Identification Errors,...
SMED for Setup Reduction
SMED is an acronym that stands for Single Minute Exchange of Die. The systematic approach to reaching this nirvana was developed by Shigeo Shingo in the spring of 1950 at Toyo Kogyo’s Mazda plant in Hiroshima, Japan. He defined a new way of looking at the structure of production by focusing on...
Kano Model – Classifying Your Customer Requirements
The Kano Model was developed by Noriaki Kano who is renowned for his expertise in quality management. Through practical application experience he developed his model for classifying and understanding customer requirements. There are three classifications, namely Must Have, More is Better, and...
Supply Chain Optimization by applying Lean and Six Sigma
A company’s supply chain is its lifeblood. The opportunities for improvement and change are numerous once identified. To dramatically improve the speed, flexibility, and cost of the supply chain requires a structured and systematic approach. Our proven approach follows the DMAIC Six Sigma...
