Authors : K.P. Paranitharan, T. Ramesh Babu, A. Syath Abuthakeer and A. Pal Pandi
Abstract: The globalization of Indian economy is creating both opportunities and challenges for innovative enterprises, forcing them to make radical improvements, not only to compete and prosper but also to survive. Lean thinking is considered as a successful business strategy which employs minimization of process variability and non-value added activities (waste). Lean manufacturing is a systematic approach for identifying and eliminating waste (non-value added activities) through continuous improvement by flowing the product at the pull of customer in pursuit of perfection. Value Stream Mapping (VSM) is one of the strong tool in a lean kit. A value stream map provides a blue print for implementing lean manufacturing concept by illustrating how the flow of information and material should proceed. The objective of this study is to minimize the non value added activities, work in process inventory and lead time of the product by balancing the TAKT Time of individual operation to the demand of the market through implementation of Future Value Stream Mapping (FVSM).
K.P. Paranitharan, T. Ramesh Babu, A. Syath Abuthakeer and A. Pal Pandi, 2014. Lean Approach in Modulator Valve Manufacturin Through Value Stream Mapping. Asian Journal of Information Technology, 13: 313-319.