Lean Production Methods

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Presentation transcript:

Lean Production Methods Tesu Company Lean Production Methods

Content Introduction Issues & Opportunities Quantitative Analysis Qualitative Analysis Recommendations & Implementation Questions & Answers

Introduction A welding equipment manufacturing company 87% of its sales depend on EMT

Issues & Opportunities Key Issues: Cash flow shortage Production difficulties Opportunities: Lean production methods

Quantitative Analysis Profit or loss? Production vs. Sales

Profit or loss? Revenue 4,892,000 Material Cost 4,065,700 Labour and Overhead operating costs 883,980 Loss (57,680)

Production vs. Sales Planned Units for 9 months Planned Units for 9 months Actual Units for 3 months Total 2013 Normal Average Units per year Overproduction/Underproduction EW 356 29 385 250 135 LF 392 10 402 300 102 CR 1820 110 1930 2000 -70 AC 390 204 594 600 -6

Qualitative Analysis Advantages analysis Disadvantages analysis

Advantages analysis Decrease work in progress Decrease time for production Increase production efficiency and capacity Increase return on assets

Disadvantages analysis Cash flow shortage Backlog of orders Lack of profitability Global competition Requires at least one year for training

Recommendations & Implementation Decrease accounts receivable Solve timely shipping problems Seek financial support from EMT Revise the production plan

Questions & Answers

Thank you!