Enabling quicker turnaround through analytical modelling of manufacturing operations
Ma Foi’s analytical intervention reduced the lead time of a Gold Jewellery manufacturer by 50%
Enabling quicker turnaround through analytical modelling of manufacturing operations
Ma Foi’s analytical intervention reduced the lead time of a Gold Jewellery manufacturer by 50%
Situation
One of India’s largest organised jewellery manufacturer had long lead time of 8-12 days for manufacturing their casting jewellery, and this was further complicated by uncertain and seasonal market demand, margin undercutting in the market and huge price fluctuations in the gold industry. Raw material forms close to 90% of the cost in gold jewellery manufacturing, hence optimal management of inventory and managing Order to Delivery lead time is highly imperative for sustaining in the business and being profitable.
Corrective Action
Ma Foi conducted a thorough study of the current production process, the raw material and consumable supply chain, the workforce and machinery deployment pattern and the factory maintenance operations. We deployed the operational best practices in the following three areas,
Result
Sandeep Dahiya,
CEO / Director
Sandeep@mafoibusinessconsulting.com
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Joe Prasanna
Principal Consultant
joe@mafoibusinessconsulting.com
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