Steel
TMT BARS
In the steel industry, lean manufacturing is used at every stage of the production chain, from the acquisition of raw materials to the delivery of the final product. By value stream mapping , we identify inefficiencies, waste and bottlenecks and make targeted improvements to improve processes. Using various lean methods, we assisted our client in the steel industry:
- Increased recovery by 10%
- Increased OEE by 6.8%
- Reduced unutilized bar loss by 1% from 1.5% to 0.5%
- Reduced finished goods dead stock by 90% by controlling overproduction
- Reduced store inventory by 18.96%
- Reduced manpower cost by 12%
- Implemented TAT for FG vehicles and reduced it to 2hrs from 4.7 hrs