Reduction in Product Cycle Time in Bearing Manufacturing Company

Abstract

The reduction of cycle time has emerged as a fundamental element of new product development. Production cycle times can be shortened by time and defect rate reductions, respectively.The problem is constrained by demand requirements, process improvement and manufacturing constraints. Productivity improvement tools are applied in the particular production line. Time study method is applied to measure standard time for the process. Time study is used for main purposes in ABC bearings Limited to monitor the production line. The time study techniques is applied under certain situation and the stopwatch time study is the best technique for manual production because human performance is not consistent from time to time. The stopwatch time study had been selected for the study because 70 percents of the production in ABC bearings Limited is handled manually. The purpose of this study is to find the suitable allowance and rating factor for each process in order to conduct the stopwatch time study for the panel produce by the ABC bearings Limited and finally to produce a time study database which will be used as a single source of reference by the company.Overall equipment effectiveness is also calculated to measure performance of process line in one shift.The objective is to determine optimal levels of time and defect rate reductions along with the corresponding optimal levels of investments respectively and the optimal production cycle time for each product.