Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is Quick Response Manufacturing ?

manufacturing Quick Response
0
Posted

What is Quick Response Manufacturing ?

0

Quick Response Manufacturing (QRM) is a company wide strategy to cut lead times in all phases of a manufacturing enterprise. It facilitates bringing products to market more quickly and secures business prospects by helping compete in a rapidly changing economic arena. QRM will not only make a firm more attractive to potential customers, it will also increase profitability by reducing non-value added time, cutting inventory and increasing return on investment. The QRM approach complements many other ideas, plans, tools and philosophies. Many tools such as MRP / ERP can be effective in running a business. JIT is a excellent plan for handling repetitive tasks. The relationships of these tools to QRM strategies is discussed in Dr. Rajan Suris book Quick Response Manufacturing: A Companywide Approach to Reducing Lead Times” (Productivity Press, 1998). The major difference is that QRM focuses all efforts towards a single goal – lead time reduction. Achieving that goal requires that all aspec

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123