Productivity improvement is inversely proportional to Cost incurred – A Myth?

July 28, 2017by Faber Infinite0

Ever thought of an increase in productivity at a low cost? Or substantial improvement in productivity with available resources? Ever thought of an increase in productivity at a low cost? Or substantial improvement in productivity with available resources?

Well, Faber Infinite knows that productivity improvement is significant for every organization and considering the same we have been successfully helping organizations in achieving productivity improvement with the existing/available resources. Amongst the core values, one value which Faber lives by is ‘Fabulous is Tangible.’ By this, Faber Infinite believes to, commit to maximizing Return on Investments (ROI) for clients. It has lived by its value of under committing and over performing.

A brief of the successful approach adopted by Faber Infinite to help one of the clients is as follows:

Basic Stability of physical workplace and processes: This involved identifying all the inefficiencies in the system. The inefficiencies or wastes in the system include overproduction, waiting, transporting, inappropriate processing, unnecessary inventory, unnecessary/ excess motion, and defects. This was followed by establishing and rolling out process standards across the operations. This helped in workplace management, maintained a standard work environment and these were the foundation steps towards building continual improvement culture.

Materials Waste Reduction: Material cost being one of the key cost elements and hence material wastage reduction initiative was adopted to optimize and reduce waste of resources via focused improvement projects. It helped in reduction of wastage of resources thereby saving on the costs.

Problem Solving Projects: Another important step was to analyze the reasons for the shortfall of resources and failure to deliver planned throughput. Post proper root cause analysis, the reasons for the shortfall was determined. Shortfall arising due to lack of skilled manpower, defects, material unavailability, etc. were resolved by structured problems solving tools and methodology of 8D to reduce and eliminate the impact.

Equipment Health Management: Autonomous Maintenance is a proven pillar of TPM (Total Productive Maintenance) which was adopted here to restore the basic condition of the equipment and tools etc. By a structured roll out, it helped to improve and sustain the working conditions, Overall Equipment Effectiveness (OEE). It further enabled to increase efficiency and quality of operation of machines and manpower.

These were some of the proven methods which were adopted by team Faber to assist the client with an immense improvement in productivity (by almost staggering 40-45%) without incurring any additional cost. These tools and approaches were implemented in such a way that it met the clients’ needs, gifting them the maximum returns.

Faber has taken such initiatives at multitudes of its clients across industries including complex engineering industry where the client is one of the largest manufacturer of cryogenic tanks to textile machine manufacturing industry to the ceramic manufacturing industry. The solutions are applicable across industries and sectors. These concepts are industry neutral and can be deployed at your organization as well.

For more details about our services and unique offerings get in touch with our expert team at [email protected]

Written By Faber Mayuri Pandya

by Faber Infinite

Faber Infinite is an International Business Management Consulting Organization offering consulting solutions and services for Increase Profitability in Business.

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