MAGNET Presents Honda Suppliers With Best Practices
MAGNET played a key role in the 13th annual Lean Network Conference in Columbus, Ohio, an event providing training and resources to suppliers of Honda Motor Company, many of whom are based in Northeast Ohio. At this event, hosted on May 20th and 21st, MAGNET representatives were proud to share their expertise with Honda suppliers in attendance. More than 60 people attended these sessions and learned from MAGNET’s experts about systems improvement and other vital topics.
MAGNET offered three important sessions over the course of the conference. In the first session, Growth Advisors Michael O’Donnell and Mike Kaminski discussed value engineering (VE) and the process of weighing purpose, function, and cost. Attendees were guided through the six-step process of VE to find cost-effective solutions (See Diagram Above). In an example that demonstrated FAST (Function Analysis System Technique), MAGNET streamlined the design of a mousetrap by analyzing for areas of possible cost and efficiency improvement, resulting in strategies such as using scent on the mousetrap rather than bait to decrease cost (See Diagram Below).
In the next presentation, Growth Advisors Bob Schmidt and Michael O’Donnell shared insights regarding quality and stability. They focused on extending quality tools from the factory floor to the office floor, specifically in business areas such as purchasing, design and invoicing. Schmidt and O’Donnell provided tips and case studies on how quality tools and continuous improvement can eliminate waste and bring quality assurance to an entire business.
Finally, MAGNET’s Thom Rogers spoke about lean logistics and warehousing, exploring methods of reducing warehouse waste. Attendees learned where areas of wasteful spending exist, such as warehouse layout inefficiency and inventory mismanagement, and how to reduce costs and boost productivity in those areas.
O’Donnell reports that the presentations generated interest in MAGNET’s expertise and services, and also provided valuable resources and connections for Northeast Ohio companies attending the conference.
If you would like to know more about the valuable information shared at the Lean Network Conference, or are interested in meeting with the Growth Advisors, contact Linda Barita at email@example.com or at 216.391.7766.
HEADLINE The survey definitively shows that product innovation leads to more growth, while “grow your own workforce” strategies will be needed to fill the major labor shortages hampering small manufacturer growth. Emerging technologies like the Internet of Things (IoT), 3D printing, and digital manufacturing are beginning to enhance innovation and productivity, but still have significant room for adoption amongst Ohio’s small manufacturing businesses. ABOUT THE SURVEY Under the direction of the Ohio Manufacturing Extension Partnership (Ohio MEP), MAGNET: The Manufacturing Advocacy and Growth Network conducted a thorough survey of Ohio’s manufacturing base. Contributing approximately 20% of Ohio’s jobs (and driving in some regions up to 50% of Ohio’s economy), and generating a disproportionate amount of export revenues and Gross Regional Product, manufacturing is critical to Ohio. Greater than 95% of Ohio’s manufacturers are small (under 500 employees), and these manufacturers need to remain competitive both nationally and internationally to ensure our economy’s health. Ohio’s Development Services Agency and the National Institute of Standards and Technology, which runs the MEP, recognizes the importance of this sector and fuels MAGNET and the Ohio MEP program to directly serve and support innovation, efficiency, and growth in small and medium manufacturers. What manufacturers need
How Virtual Reality and Augmented Reality Can Help Keep Our Engineers Safe and Our Manufacturing Strong Recall how difficult it was to put together complex LEGO creations when you were a child or helping a child. Now, picture assembling a fighter plane from a room full of parts. Even highly trained engineers can benefit from technology to help improve consistency and quality. Virtual reality (VR) and augmented reality (AR) are making near-perfect assembly a possibility in the manufacturing space. By wearing AR glasses that use cameras, depth sensors and motion sensors to overlay images onto the real working environment, engineers and factory workers can visualize the exact bolts, parts, part numbers and instructions on how to assemble a particular component correctly. Lockheed Martin began using AR goggles and improved F-35 assembly time by 30 percent, in addition to increasing accuracy to 96 percent. In order to remain competitive, businesses should consider the ways VR and AR can improve efficiency and supply chain productivity. According to a recent BofA Merrill Lynch Global Research report, AR platforms can provide companies up to 25 percent in cost savings on installation of equipment. Here are four ways VR/AR is disrupting the mid-market manufacturing space:
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