How the costs of the products and throughput time can be reduced while handling materials?
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Answer Posted / Prakash Kumar Jha
To reduce costs and increase throughput time, several strategies can be employed while handling materials. These include: 1. Lean manufacturing: Focusing on eliminating waste and improving efficiency. 2. Just-in-time (JIT) inventory management: Ordering materials only when needed to minimize storage costs. 3. Automation: Using machinery to perform repetitive tasks more quickly and accurately than humans. 4. Standardization: Using common parts and processes across multiple products to reduce variability and simplify production. 5. Continuous improvement: Regularly reviewing and optimizing processes to identify opportunities for improvement.
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