The “Make in India” campaign launched recently by the Indian Prime Minister Mr. Narendra Modi is aimed at making India a manufacturing hub and thereby bringing about economic transformation in the country. One of the major objectives of the vision is to make the manufacturing sector contribute to about 22% of the GDP by 2022, going up from the dismal 12.89% in 2013. Going by the 2013 Deloitte Global Manufacturing Competitiveness Index, China is ranked 1, while India is ranked fourth having fallen from its 2010 rank of 2. The fact that Mangalyaan (India’s Mars Orbiter Mission) used predominantly indigenously manufactured components is a positive sign for the manufacturing sector, but India still has a long way to go to match China’s manufacturing sector contributing 30% to its GDP. One of the best tried-and-tested mechanisms that might be effective in pushing the Indian manufacturing sector forward is the proper implementation of lean manufacturing.
Lean manufacturing is a relentless process of delivering what the client needs, when they need it, at a value they are ready to pay while utilizing the minimum measure of assets. The central thought behind lean is minimizing waste, hence creating more value for customers with fewer resources. The concept of lean manufacturing (LM) was originated at Toyota plant, Japan after the Second World War as a …show more content…
The impact can be huge when these principles are applied on the enterprise supply chain as opposed to just the shop floor.” This requires an overhaul in thinking right from the top management. Also, these initiatives do not reap much fruit when executed with the prime intention of just cost reduction. Organisation should seek out lean thinking as a means to achieve operational excellence, not just cost effectiveness if they want to be in the race for the long
Lean manufacturing is a relentless process of delivering what the client needs, when they need it, at a value they are ready to pay while utilizing the minimum measure of assets. The central thought behind lean is minimizing waste, hence creating more value for customers with fewer resources. The concept of lean manufacturing (LM) was originated at Toyota plant, Japan after the Second World War as a …show more content…
The impact can be huge when these principles are applied on the enterprise supply chain as opposed to just the shop floor.” This requires an overhaul in thinking right from the top management. Also, these initiatives do not reap much fruit when executed with the prime intention of just cost reduction. Organisation should seek out lean thinking as a means to achieve operational excellence, not just cost effectiveness if they want to be in the race for the long