A Study on Process Optimization in Wallet Production
Mr. Sribatrinath.K., B.com
MBA (Finance and Operations) Student, Reg.No:43410276,
School of Management Studies,
Sathyabama Institute of Science and Technology, Chennai, TamilNadu.
Dr. Meera
Assistant professor
School of Management Studies,
Sathyabama Institute of Science and Technology, Chennai, TamilNadu.
ABSTRACT
Process optimization in wallet production is crucial for improving efficiency, reducing costs, and maintaining high-quality standards, especially in the highly competitive fashion and accessories industry, where manufacturers constantly strive to enhance their production processes, minimize waste, and maximize productivity to stay ahead in the market. As consumer demands increase and sustainability becomes a key concern, manufacturers must focus on identifying critical areas of improvement within the production cycle, such as material usage, labor efficiency, and technological advancements, to ensure smooth and cost-effective operations. This study delves into the importance of process optimization by exploring various advanced technologies, automation techniques, and lean manufacturing principles that can help streamline production, reduce unnecessary expenditures, and improve overall operational effectiveness. By adopting lean manufacturing methods, companies can eliminate inefficiencies, enhance workflow, and optimize resource allocation, leading to a more sustainable and profitable manufacturing process. Furthermore, optimizing production not only benefits manufacturers by lowering costs and increasing output but also ensures that customers receive high-quality products that meet industry standards and expectations, thereby strengthening brand reputation and customer satisfaction. The research aims to provide valuable insights into effective process optimization strategies, enabling manufacturers to implement best practices that drive innovation, sustainability, and long-term success in wallet production.
Keywords: Wallet production, process optimization, lean manufacturing, cost efficiency, quality improvement, sustainability, supply chain management, automation, productivity enhancement, waste reduction.
