Reducing Production Lead Time and Product Cost Through Value Stream Mapping

Reducing Production Lead Time and Product Cost Through Value Stream Mapping

Akash Choudhary1 Satish Sharma2, Ashish Yadav3

1 M E Scholar in PIS (Production industrial system) MPCT, Gwalior (M.P.)

2 Assistant Professor& HOD, Mechanical Engineering Department MPCT, Gwalior(M.P.)

3Assistant Professor, Mechanical Engineering Department MPCT, Gwalior(M.P.)

ABSTRACT

In today's competitive business world, companies need lower payroll times, lower costs, and higher levels of customer service to survive. As a result, companies have been making additional efforts to reduce the production of Value stream mapping (VSM) production times that have continued on a large scale over the past decade in large companies such as Toyota and Boeing. This paper examines the pricing of a price distribution map made by a railway company and focuses on the product family, the current map and the future map and the improvements made. The aim is to identify waste and translate waste disposal to improve company performance. With regard to the current map, it is used to find opportunities to use other production tools for reduced tools as a step towards productivity development. The current state map is designed to describe the existing position and various problem areas. The future state map is designed to show the proposed plans for improvement. Successful implementation of value distribution is a reduction in lead time, cycle time and creativity. It has been found that even a small company can make great strides by using the VSM Proposal to reduce unnecessary processes that result in increasing processing time and product costs and changing plant composition to avoid unnecessary asset management process.

Key Words: VSM, Current status map, future status map