Every business is run to earn maximum profits. Profit is nothing but the Selling Price minus the Cost. To increase the profit either the Selling Price has to be increased or the Cost has to be reduced. However, the Selling Prices are market driven and cannot be increased. Therefore, the only option is to reduce the Cost, but how to reduce the Cost when prices of all the inputs are increasing day by day. The only way is, to reduce wastages or Non-Value Adds (NVAs). These NVAs exist everywhere, but it is very difficult to see / identify and eliminate / reduce those for achieving cost reduction.
TPS aims at identification and reduction of NVAs based on the two main pillars - "Just-in- Time" and "Jidoka". These pillars are supported by various systems and best practices. We customize those systems and best practices suitably, based on the requirements and implement them on the shopfloor in order to get the desired results.
The main systems and best practices considered are:
The following main Key Result Areas (KRAs) are focused:
"Safety First" isn't just a phrase but a cornerstone in the manufacturing industry. At Touchstone, we firmly believe that accidents aren't inevitable occurrences but results of lapses in safety measures. Our approach targets zero loss of man-hours and equipment by:
Quality stands as a focal point during excellence drives in manufacturing. Our aim is to achieve 'Built-in Quality' rather than relying solely on 'Inspected & Repaired Quality', thereby significantly enhancing various quality indicators such as 'Defects Per Unit', 'Direct Pass Ratio' and 'Customer Claim Ratio'. We focus on:
Efficient operations in a manufacturing plant require well-planned capacities, high equipment uptime, trained personnel, and built-in quality. However, achieving delivery targets often poses challenges. Our strategies for rescue include:
Cost optimization directly impacts profitability. To reduce costs, we focus on Lean Manufacturing principles and minimizing wastage. Our approach involves:
Employee motivation is pivotal for peak performance. We assist in fostering a motivated workforce by: