10-11-2014, 02:39 PM
Abstracts: Now a days there is a globalization in the market hence competition between companies are so much increases and because of this globalization manufacturing driven market is transfers to the customer driven market so that customer require high quality, low cost, and at the time delivery of the product. Value stream mapping (VSM) is a world class manufacturing tool that can be used to minimize waste in manufacturing. Companies are experiencing intense competitive pressure due to globalization hence they cannot afford to operate with waste in their processes. The current project is aimed to minimize the lead time with the use of Value Stream Mapping concept.