Everyone has heard that “time is money,” but time is a lot more money than most managers realize!
Long lead times create layer upon layer of direct and indirect costs and also impede delivery reliability. This presentation provides concrete strategies and tools to reduce lead times throughout your enterprise—shop floor, office operations and supply chain—enabling you to both lower cost and respond quickly to customers, and thus gain a competitive advantage in the global market. Using Quick Response Manufacturing (QRM), companies have reduced lead times by 80-90 percent, reduced costs by 15-20 percent and seen large increases in market share.
Center for Quick Response Manufacturing (QRM), University of Wisconsin-Madison
The QRM Center was established at the University of Wisconsin-Madison in 1993. It is a partnership between companies, faculty and students, dedicated to the research and implementation of lead time reduction principles. The center's mission is to help member companies reduce lead times in all areas of their operations to become more efficient and profitable in the increasingly competitive global marketplace. qrm.engr.wisc.edu
Charlene Yauch, Ph.D., P.E. is the director of the Center for Quick Response Manufacturing (QRM) and a professor of practice in industrial and systems engineering at the University of Wisconsin-Madison. She conducts industry training workshops and advises student projects for the QRM Center. Yauch also teaches classes on QRM, manufacturing processes and manufacturing systems analysis. Previously, she worked at Milwaukee School of Engineering, Oklahoma State University, Versa Technologies, and McDonnell Douglas. Yauch holds a bachelor's degree in industrial engineering from Purdue University, as well as master's degrees in sociology and manufacturing systems engineering; she also holds a doctorate in industrial engineering from the University of Wisconsin-Madison.
- Success in lead time reduction requires a paradigm shift from cost-based to time-based decision-making; this session offers several practical examples.
- Learn the four key concepts for implementing QRM and reducing lead time.
- See organizational restructuring and an application of system dynamics principles.
This event will benefit anyone involved in the manufacturing industry.
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