Reducing Product Cost for ABC Company Through Lean Production Initiative

11 pages•Published: September 20, 2022

Abstract

This paper describes how ABC company has successfully increased its Process Cycle Efficiency (PCE) to win market competition through Lean Production initiative. By adopting Value Stream Mapping, an in-depth study towards its production process of product A is carefully conducted. This results in careful waste identification and elimination. After the implementation, the company can achieve an improved process cycle efficiency from 15,60% to 29,60% with product cost reduction about 56%. This gives insight for any manufacturing systems that the adoption of lean production especially value stream mapping may help to reduce product cost instead of Product Cycle Efficiency.

Keyphrases: cost reduction, lean production initiative, product cycle efficiency, value stream mapping

In: Tokuro Matsuo (editor). Proceedings of 11th International Congress on Advanced Applied Informatics, vol 81, pages 190-200.

Links:	https://easychair.org/publications/paper/c2Nr
	https://doi.org/10.29007/h9bw

BibTeX entry

@inproceedings{IIAIAAI2021-Winter:Reducing_Product_Cost_ABC,
  author    = {Jonny},
  title     = {Reducing Product Cost for ABC Company Through Lean Production Initiative},
  booktitle = {Proceedings of 11th International Congress on Advanced Applied Informatics},
  editor    = {Tokuro Matsuo},
  series    = {EPiC Series in Computing},
  volume    = {81},
  publisher = {EasyChair},
  bibsource = {EasyChair, https://easychair.org},
  issn      = {2398-7340},
  url       = {/publications/paper/c2Nr},
  doi       = {10.29007/h9bw},
  pages     = {190-200},
  year      = {2022}}

Download PDF Open PDF in browser