Objective
To learn the tools & techniques for applying to optimize Material cost to improve Material to sales ratio (MS Ratio)
Learning Outcome
- Material wastage area identification
- Improvement Projects
- Available technology for material optimization
- Material accounting system
Course Outline
- Types and sources of material wastages
- Quantification of profit leakage
- Available technology for material optimization
- Role of new development process that effects material efficiency
- How to make people accountable for material consumption
- How to carry out cost benefit analysis
- Performance tracking of material consumption (KPIs)
- Technical session - Advanced material optimization technology in manufacturing
Who Should Attend?
- R&D, Product Development, Quality, Manufacturing, Engineering, Store, SCM, Procurement, Maintenance, Quality Assurance.
- People from the Tool Room.
- Process Engineers from shop floor.
- Machine Manufacturers.
- People who are involved in machinery Accessories, Equipment and Ancillaries.
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Knowledge Partner
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