Process improvement at cold forging industry


EOI: 10.11242/viva-tech.01.05.0MECH_16

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Citation

Rajkumar Devkar, Vedant Bijutkar, Devang Chaudhari, Varun Kawli, "Process improvement at cold forging industry", VIVA-IJRI Volume 1, Issue 7, Article MECH_16, pp. 1-5, 2024. Published by Computer Engineering Department, VIVA Institute of Technology, Virar, India.

Abstract

This abstract details a cold forging industry process improvement initiative, addressing stock out prevention, inventory management, and audit scores. Cold forging companies often struggle with disruptions due to stock outs and inefficiencies. A project report, utilizing market surveys and data acquisition, identified areas for enhancement. Advanced inventory tools optimized stock levels and supply chain processes, reducing stock outs and improving efficiency. Implementing these findings streamlined operations, cut inventory costs, and boosted the industry's audit score significantly. This case study illustrates the tangible benefits of data-driven approaches and process optimization, enhancing operational efficiency and customer satisfaction for manufacturers.

Keywords

Small and Medium Enterprise (SME), Key Performance Indicator (KPI), Enterrprise Resource Planning (ERP), Plan Do Check Act (PDCA), Standard Operating Procedure (SOP), Economic Order Quantity (EOQ).

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