Profit Enhancement in SME

This book presents the "Techniques for Profit Enhancement in SMEs". Lean Technology is the strategy adopted to achieve manufacturing excellence with continuous improvement process. Reducing the Production Cost results in Profit without increasing the Sale Price. Quality factor is defined as Q=P/E, Where 'P' is the performance & 'E' is the expectation. Quality Improvements result in reduction of rejected parts / complaint parts and hence customer complaints can be reduced. The suggested measures are the results of our deep study on Lean Manufacturing practice in a small and medium scale industrial firm. The performance of a firm has to be made more efficient by lean techniques and smart practice in order to make optimum profit. In the first part of this book, a theoretical exposition of appropriate measures for profit making is made. The second part of the book is the records of the case studies. A model firm is chosen for implementation of the above mentioned measures and is determined. TEEP, OEE, Quality factor and Profit of the firm is evaluated and the analyzed. It is seen that our proposed measure leads to the right path for Profit Enhancement.

Autorentext

Dr M Yogesh (Chartered Engineer) obtained Bachelors in Mechanical Engineering (2005), Master of Technology (2008), Master of Business Administration In Human Resource Management (2016) and PhD (2017). Currently working as Associate Professor and Head, Mount Zion College of Engineering, Pathanamthitta, Kerala, India.

Klappentext

This book presents the "Techniques for Profit Enhancement in SMEs". Lean Technology is the strategy adopted to achieve manufacturing excellence with continuous improvement process. Reducing the Production Cost results in Profit without increasing the Sale Price. Quality factor is defined as Q=P/E, Where 'P' is the performance & 'E' is the expectation. Quality Improvements result in reduction of rejected parts / complaint parts and hence customer complaints can be reduced. The suggested measures are the results of our deep study on Lean Manufacturing practice in a small and medium scale industrial firm. The performance of a firm has to be made more efficient by lean techniques and smart practice in order to make optimum profit. In the first part of this book, a theoretical exposition of appropriate measures for profit making is made. The second part of the book is the records of the case studies. A model firm is chosen for implementation of the above mentioned measures and is determined. TEEP, OEE, Quality factor and Profit of the firm is evaluated and the analyzed. It is seen that our proposed measure leads to the right path for Profit Enhancement.