Production process theory/equations (Industrial Engineering help)

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SUMMARY

The discussion centers on optimizing a five-stage production sequence within a financial industry consulting context, which mimics industrial manufacturing processes. Key recommendations include researching "Lean Manufacturing" principles, focusing on production leveling, and implementing pull systems to minimize work in process (WIP) and inventory. The importance of eliminating non-value-added tasks is emphasized to enhance overall efficiency in the production line.

PREREQUISITES
  • Understanding of Lean Manufacturing principles
  • Familiarity with production leveling techniques
  • Knowledge of pull vs. push production systems
  • Ability to identify non-value-added tasks in a workflow
NEXT STEPS
  • Research Lean Manufacturing methodologies and their applications
  • Learn about production leveling strategies in manufacturing
  • Explore the implementation of pull systems in production environments
  • Investigate techniques for identifying and eliminating non-value-added tasks
USEFUL FOR

Industrial engineers, operations managers, and professionals in the financial consulting industry looking to optimize production processes and enhance efficiency.

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Anyone know of some theory or equations to smooth out a 5 stage production sequence? I don't even know what the proper terms and jargon is otherwise I would just google it.


Why don't I have an in house industrial engineer? Because its not a factory its a financial industry consultant...lol...and what I manage seems to mimic an industrial manufacturing process.

We seem to yo-yo between inequalities in the "production line" at the front end, and then the back end is starved...we speed up the back end and the front end is starved...(if that makes any sense to anybody)

Thanks!
 
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You should research "Lean Manufacturing"

Also, Remember every end item needs to be sold and shipped immediately. Then, you want to pull the work through the production line not push. This way you reduce excessive work in process (WIP) and inventory to the minimum.

Also, look for non-value added tasks and eliminate.

Do this and you will end up with an effective and optimized production line.
 
Last edited:
Hey thanks Gannet! - I am going to hazard a guess that production leveling from lean manufacturing is what I'll start looking into lol
 

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