Cycle Time, Inventory, and The Theory of Constraints

Cycle Time, Inventory, and The Theory of Constraints

Jul 11 '18 1:00pm - Jul 11 '18 2:00pm @ Online, Bethesda
Conference
Registration Link : https://www.compliancetrainingpanel.com/Webinar/Topic?WB=MP00104
Description :
Inventory is one of the Toyota Production System's Seven Wastes, and it is directly proportional to cycle time; the amount of time necessary for a customer order to go through a manufacturing (or service) process. The Theory of Constraints explains why most cycle time is waste in most processes. First, no process can operate more rapidly than its constraint or capacity-constraining resource (CCR). Second, favorable variation in processing times does not offset unfavorable variation because time lost at the constraint is lost forever. (This also explains traffic jams that appear out of nowhere during rush hour.) This webinar will explain the Theory of Constraints and also provide attendees with production control methods to reduce inventory and cycle time enormously.

Areas Covered in the Session :
The Theory of Constraints, and its relationship to project management
Variation in processing and material transfer times make it impossible to operate a balanced factory (o...
Description :
Inventory is one of the Toyota Production System's Seven Wastes, and it is directly proportional to cycle time; the amount of time necessary for a customer order to go through a manufacturing (or service) process. The Theory of Constraints explains why most cycle time is waste in most processes. First, no process can operate more rapidly than its constraint or capacity-constraining resource (CCR). Second, favorable variation in processing times does not offset unfavorable variation because time lost at the constraint is lost forever. (This also explains traffic jams that appear out of nowhere during rush hour.) This webinar will explain the Theory of Constraints and also provide attendees with production control methods to reduce inventory and cycle time enormously.

Areas Covered in the Session :
The Theory of Constraints, and its relationship to project management
Variation in processing and material transfer times make it impossible to operate a balanced factory (one in which the workload is the same at each operation) at full capacity.
The drum buffer rope (DBR) production control system
Techniques for variation reduction

Who Will Benefit:
Manufacturing and quality engineers and technicians.

About Speaker:
William A. Levinson, P.E., FASQ, CFPIM, is the owner of Levinson Productivity Systems PC. He holds professional certifications from the American Society for Quality, APICS, and Society of Manufacturing Engineers.
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