WOTM to Host Workshop on Quick-Response Manufacturing
QRM is a company-wide strategy for lead time reduction throughout the enterprise. It is said that focus on lead time can reduce both response times and costs and give companies a competitive edge in global markets.
On August 13, 2019, Women of Today’s Manufacturing (WOTM)
QRM is defined as a company-wide strategy for lead time reduction. It is said that focus on lead time can reduce both response times and costs and give companies a competitive edge in global markets. QRM requires a management paradigm shift from cost-based to time-based decision-making.
Four concepts of QRM will be discussed throughout the workshop:
- “The Power of Time” will focus on why lead time is important and how it influences total operating cost, quality and on-time delivery.
- “Organizational Structure” will cover restructuring organizations to minimize lead time.
- “System Dynamics” will focus on how interactions between machines, people and product impact lead times and how, as a result, capacity planning, lot sizing and other policies need to be rethought.
- “Enterprise-Wide Application” will cover WRM
implementation in office operations, engineering, material planning and control.