Abstract
‘A penny saved is a penny earned’ as this phrase says it all, the key for increased profit lies in the elimination of non-value adding actions in any production process. This study concentrates mainly on the procedures to identify and to reduce the different types of wastes in a production process. Initially the data related to types of waste and their classification according lean techniques were analyzed and implemented on a production process. The data were recorded for a whole month before implementation and for a whole month after implementation. Later the influence of the lean techniques was analyzed on two different sections of waste, for 5% significance value using paired t-test. It was found that there is a positive impact of lean techniques on some areas of production flow.
Highlights
Waste in Composite Panel Production Using‘A penny saved is a penny earned’ as this phrase says it all, the key for increased profit lies in the elimination of non-value adding actions in any production process
There is a phrase, “you can’t make something out of nothing.” Which means there is s need of resource to produce anything which is small or huge
With all the available and analyzed data, lean techniques were initially implemented on one segment of a unit to check its significant influence on the reduction of waste
Summary
‘A penny saved is a penny earned’ as this phrase says it all, the key for increased profit lies in the elimination of non-value adding actions in any production process. This study concentrates mainly on the procedures to identify and to reduce the different types of wastes in a production process. The data related to types of waste and their classification according lean techniques were analyzed and implemented on a production process. The data were recorded for a whole month before implementation and for a whole month after implementation. Later the influence of the lean techniques was analyzed on two different sections of waste, for 5% significance value using paired t-test. It was found that there is a positive impact of lean techniques on some areas of production flow
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