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Published byAdelia Fox Modified over 9 years ago
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The Product Flow Efficiency Project By Martyn Bates Monitor Coatings limited
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Introduction University of Newcastle upon Tyne Mechanical Engineering with Design STEP promoted by University Promoted by Careers office Highly recommended programme Useful first summer in Newcastle.
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The Project Product flow efficiency Determine costs of production Find time saving areas Contribute to cost saving New product flow Look at new markets.
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Observations Plasma Booths +70% of Turnover from regulars +80% of Net profit from one offs 10 days lead time on average +72 hours for new products Production times can vary by a factor of 3
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Conclusions More Jigs Monitor process times – Re-evaluate prices Recycle Spreadsheet solutions Utilisation of computer programs
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Benefits Low investment More effective Better Service Less waste Improved profitability – NB. Requires more accurate assessment of overheads
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The End Thank you for listening Any Questions?
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