Llean Implementation Using VSM and Simulation Assignment

Llean Implementation Using VSM and Simulation - Assignment Example Thus, this report will be an attempt towards depicting the use of the Lean manufacturing technique for optimizing the supply chain of ACW. Technology drives industry. This is true for industrial sectors especially those belonging to the developed economies of the world. Until the last decade, industries in the United States and Europe (which were some of the most heavily industrialized countries of the world) were so heavily dependent on technological Research & development so much so that a major chunk of companies' budget used to be allocated exclusively for R&D purposes. But, the most glaring phenomenon was that there were no research initiatives in the direction of management let alone waste management. Here waste must not be confused with physical waste, as the following sections will go on to depict. It was not until two decades ago that manufacturing industries realized their folly. They had learnt an important lesson from their fellow counterparts in Japan who had successfully implemented & popularized the use of "Just in Time" policies. The "Just in Time" policy was a conglomeration or in other words, a fusion of the concepts of mass production and scientific management methodologies. ... With the passage of time, the concept of lean manufacturing has gained immense popularity with its varied application in fields ranging from mass production to the services industry. Thus, lean methodologies have been successfully implemented in many disciplines.If one were to look down at history towards various sectors of the industry, it can be understood as to how lean principle have come into being. The roots of lean come from the word-CUTTHROAT COMPETITION. Since the 1970s, regardless of the nature or the services provided by the industry, the emphasis is laid more on how fast can the final product be delivered with optimum quality. If one were to look at Dell's strategy, it would be imperative that dell manufactures custom desktops in less than a week so as to remain a step ahead of its competitors. FedEx has been known to deliver packages within a day and this is the reason for the company's huge customer base and its dominance in the courier industry. Thus, their main strate gy is to think on the basis of adding value to the supply chain, which in managerial jargon, would be known as Lean thinking. Under the lean strategy, the industry strives to identify critical elements connected to the industry that add value to the product along with minimizing the production time.The same is the case with the company that is under focus as far as this report is concerned. The company here is called ACW that is based in Tonypandy. The main objective of this report would be to analyze the current state of workflow using some popular methods under the lean manufacturing techniques and thereupon propose further strategies and changes in order to optimize the work processes further. But before that, a major