There is a silver lining in the dark cloud that hangs over manufacturing companies. A small but growing number of companies have demonstrated the ability to compete successfully in the international marketplace. A handful have done so in spectacular fashion, and their stories have become the stables of the conference and seminar circuits. The majority of successes have been achieved slowly and painstakingly but are just as impressive.
All of these companies exhibit improvements in their performance by achieving:
- Dramatically improved inventory turns
- Reduced manufacturing lead times of 50% or more
- Reduced work in process inventory
- Reduced finished goods inventory
- Reduced scrap and improved non-conformance
- Eliminated use of overtime
- Eliminate "hockey stick" phenomenon (high shipping at end of month)
- Why is it when almost every company in the world sorely needs results similar to these, there are so few success stories? Simply put, it is that widely used management policies and practices that are based on the standard cost system are not applicable in today's competitive environment.
These policies and practices evolved during a period of time when demand exceeded capacity and strong firms dominated every industrial segment. Today, the marketplace is vastly different. Competition is global and more intense; markets are finely segmented and more demanding. The realization that management infrastructure based on standard cost principles is well recognized and raises a new series of critical questions:
- Why does the standard cost system, which served so well, now fail us?
- What are the new principles and strategies for managing manufacturing operations?
Synchronous manufacturing provides the answers to these and many other critical questions. This book develops fundamental concepts and techniques of synchronous manufacturing. It is written with both the practitioner and the student of operations management in mind (a companion workbook is also available).
After reading this book, the practitioner will be better able to identify those managerial policies and practices that are the cause of a company's competitive problems. Moreover, he/she should be able to begin applying synchronous manufacturing principles to improve overall company performance.
This book is the first comprehensive work to fully explain the continually evolving principles of synchronous manufacturing. It develops the fundamental concepts of Synchronous Manufacturing and includes a number of real-life examples involving a variety of functional areas. Ideal for use as a textbook for teaching the principals of synchronous manufacturing.