Event: Quick Response Manufacturing Workshop
Description: A Competitive Strategy for Low-Volume and Custom-Engineered Products...
Presented by the Founding Director of the Center for Quick Response Manufacturing and Industry Week Manufacturing Hall of Fame inductee, Dr. Rajan Suri.
Quick Response Manufacturing is a company-wide strategy for lead time reduction throughout the enterprise. Using QRM, companies have reduced their lead times by 80-90%. As a result, these companies have seen large increases in market share, but also experienced significant cost reductions and quality improvement.
QRM can be a more effective competitive strategy for companies making low-volume or custom-engineered products. This workshop will provide an overview of QRM strategy, which includes four core concepts.
- The Power of Time - the non-obvious reasons why lead time is important, how it influences total operating cost and quality, and how to take advantage of this realization
- Organizational Structure - how to restructure your organization to minimize lead time throughout the enterprise
- System Dynamics - how interactions b/w machines, people and
products impact your lead times, resulting in rethinking capacity planning and lot sizing policies
- Enterprise-wide Application - QRM is applied throughout the
organization and includes material planning and control, purchasing and supply chain management, office operations, and new product development. You will also see data on the “bottom line” impact of QRM on product cost, quality, and lead times
For more great information about QRM and Dr. Suri, be sure to visit his website and view the brochure in the top right corner!
Registration includes lunch, workbook, and Dr. Suri's book "It's About Time: The Competitive Advantage of Quick Response Manufacturing"
Presenter: Dr. Rajan Suri
Location: Doubletree Hotel, 10 Brickyard Drive, Bloomington, IL 61701
Time: 8:00AM - 5:00PM
Contact Name: Amy Fitzgerald
Contact Phone: 309-677-2977
Contact Email: firstname.lastname@example.org