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Organizational Innovation and Cost Reduction Analysis of Manufacturing Process – Case Study

Organizational Innovation and Cost Reduction Analysis of Manufacturing Process – Case Study AbstractInnovation is the key to the growth of each business in a fast-changing world. Innovations affect financial activities because the successful innovation opens the new markets, gives the opportunity to reduce costs or introduce new products and services with a higher profit margin. Each organization, institution, enterprise or individual can be innovative. Innovations may not be implemented only in large enterprises, but also in medium or small. The aim of this paper is to innovate and optimize the polishing process in production plant with variant production. In this paper case study is used as research method which includes measurements and observation. The paper is focused on five variants of one product. We obtained the required data by measuring in a manufacturing plant in southern India in Madurai. At the end the results are summarized, and the optimization of the polishing process is proposed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Systems in Production Engineering de Gruyter

Organizational Innovation and Cost Reduction Analysis of Manufacturing Process – Case Study

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Publisher
de Gruyter
Copyright
© 2019 Senthil Chandran et al., published by Sciendo
eISSN
2450-5781
DOI
10.1515/mspe-2019-0029
Publisher site
See Article on Publisher Site

Abstract

AbstractInnovation is the key to the growth of each business in a fast-changing world. Innovations affect financial activities because the successful innovation opens the new markets, gives the opportunity to reduce costs or introduce new products and services with a higher profit margin. Each organization, institution, enterprise or individual can be innovative. Innovations may not be implemented only in large enterprises, but also in medium or small. The aim of this paper is to innovate and optimize the polishing process in production plant with variant production. In this paper case study is used as research method which includes measurements and observation. The paper is focused on five variants of one product. We obtained the required data by measuring in a manufacturing plant in southern India in Madurai. At the end the results are summarized, and the optimization of the polishing process is proposed.

Journal

Management Systems in Production Engineeringde Gruyter

Published: Sep 1, 2019

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