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In spite of the much heralded claims of its decline in the United States, manufacturing is still a significant portion of the nation’s GDP and employs a significant portion of the workforce. Manufacturers are facing challenges on a number of fronts. They are using a number of strategies to respond to these challenges.
For the decade or so since James Womack and Daniel Jones published the book, The Machine that Changed the World, about the manufacturing practices at Toyota Motor Works, the buzz in manufacturing has been Lean Manufacturing. Exactly what is meant by Lean Manufacturing and how can it help a company?
Six Sigma is used to mean several related concepts. It can be a performance objective, a strategy or a methodology. This paper explains each of these uses and how they relate to each other.
The FMEA methodology is used to systematically analyze a process, a machine, a system or a product design for failure modes and to determine a level of risk associated with each failure mode. In doing so, a well done FMEA has the potential to save the company money and increase the level of customer satisfaction.