STUDENT’S NAME: GUNJAN KUMARI & RAVI KRISHNA PRAKASH
Project Title: Kaizen an Approach towards value loss analysis
Project Guide: Prof. B.Banerjee
Background: The challenge of globalization has magnified the economy of most of the developed and developing nations. The business has become more competitive and the requirement to improve the quality and productivity is one of the highest priorities. Thus the Kaizen approach was selected for the current project which can indeed achieve and develop an organized work place to attain the best market result.
Objective:With the Kaizen the goals are different. Naturally one tries to optimize the profit.
This is possible however only with high customer satisfaction, since customer production is more expensive than customer connection. In order to ensure customer satisfaction, three factors are the center of attention: Reduction of costs, Quality assurance and speed.
Methodology:Related articles, case studies etc., Books, Internet Sources, Companies internal experts, Different reports generated by the company, Observations derived from practical examination of fabric floor, Charts generated by analysis of secondary data, Touch History Analysis.
Findings:In fabric store there is 52.3% reduced material flow and 7.6% increase in storage capacity
In cutting cost saving made due to elimination of end pieces % and in re-layering. Splicing method introduced to eliminate end pieces.
Conclusion: The project successfully fulfilled its aim of eliminating waste, by resulting in reduced cost in terms of 3 M’s of the organization, material, manpower and money. The project looked at quality and time taken within the framework of the organizations existing processes, seeking to enhance these processes to achieve incremental improvement.