Cycle Time Analysis (CTA): Achieving Drastic Reductions in Throughput Times and Inventory Costs Using Cycle Time Analysis
Duration: 75 Minutes
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Companies need to add a critical measure of success to their operational analysis package. They need to understand and calculate inventory turns and to use that data to drive rapid throughput from receiving to shipping. Stacks of inventory at any stage in the process represent large financial losses.
04/13/2018 11:30 AM04/13/2018 05:30 PMTraining Topic: Cycle Time Analysis (CTA): Achieving Drastic Reductions in Throughput Times and Inventory Costs Using Cycle Time AnalysisInstructor: John M Ryan
A focus on improving cycle times simply means that the time from material receipt to receipt of the check for the work done is greatly reduced. Japanese automakers consistently achieve inventory turns in the neighborhood of 125 per year while most American manufacturers achieve an average of 3 inventory turns per year. Quite simply, this means the company costs, quality, ability to deliver on time and other critical company measures are not where they should be.
Bring your suppliers closer, cut confusion on their delivery dates and your receipt dates.
This cycle time analysis webinar is intended to help companies save the money wasted by holding large incoming, in process and final goods inventories.
Objectives of the Presentation
Calculation of inventory turns
Benefits of cycle time
Understand how cycle times can greatly improve profitability
Selecting a cycle time project
Defining processes for improvement
Collecting cycle time analysis data
Team Analysis & Correction
Continuous cycle time Improvement concepts
Why Should you Attend
It is critical to understand cycle times and their impact on company success. Any company holding piles of inventory at receiving, in stores, in the processor in final goods needs to attend this webinar and get to work today.
Employees at all levels can learn to participate in making companies successful if they have the correct tools at their disposal. Complex management heavy systems often get in the way of smoothed production and process flows. A simple introduction to cycle time analysis allows all employees to quickly grasp the intent and benefits of working through all receiving, in-process and shipping areas to simply identify and attack inventory stacks, easily understand why they are occurring and collectively eliminating them while establishing balanced production operations.
The webinar describes how to measure inventory turns, establish cycle time reduction teams and how to smooth throughput at all process steps. The result is improved quality; lower carrying costs, rapid response to the customer changing demand, and employee commitment to relatively easy company success.
Who will Benefit
Upper-level operations management at both the corporate and facility levels
Functional managers, directors, and supervisors
Quality and process engineering personnel
Selected internal personnel with leadership potential
U.S. and international manufacturers
Purchasing and operations managers
Operational level personnel
Companies can quickly assess their inventory and throughput status by walking around the incoming, in the process and shipping inventory areas and looking for stacks of materials and inventory. Stacks of inventory need to be perceived as stacks of money - company money, employee pay, and investment money. Inventory must be reduced at all stages and achievement of smoothed processing flow established. Cycle time analysis is a simple tool to help all company players get on board with helping make the company successful and their own jobs easier.