Category: Management System

Cost of Ownership

In today’s melt shops, cost of ownership is tracked more than ever. Tracking these costs and knowing how a piece of equipment is affecting the bottom line is important. There are several items to consider when purchasing replacement equipment and capital upgrades: Knowing the equipment manufacture as well as their suppliers. Cost of installing the equipment. The value of improvements to the equipment for longer equipment life. When choosing an equipment supplier knowing the equipment suppliers suppliers is important. Most…

What is Lean Manufacturing?

Lean manufacturing is a philosophy/management system on how to operate a people-based business, which defines how to improve and optimize a production system to focus on identifying and eliminating all kinds of “waste”, Defined as those processes or activities that use more resources than necessary. Identify some types of “waste” observed in production: overproduction, waiting time, transportation, overprocessing, inventory, movements and defects. Lean focuses on what should not be done as it does not add customer value and tends to…