Waste on a production line falls into two areas — materials and time. There are many analytical tools available to help minimize wasted materials, but wasted time is not as readily considered. Traditionally, manufacturers have not been able to determine scrap time – that which was used to make products that end up getting scrapped — and the resulting cost to the organization.
- "Dollarize" scrap time and yield losses by product and production line
- Investigate opportunities to decrease scrap time and improve production efficiency with a view to improving profitability and ROA
- Fine tune plant operations to minimize losses attributed to "scrap time"
- Optimize production schedules to reduce yield losses and maximize profit-per-minute
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