Lead-time reduction and improving the operating efficiency

For a successful manufacturing company to consistently realise success invariably requires the organisation to find new methods of achieving competitive advantages. Today time is on the cutting edge and represents one of the most determinants of leading companies. This project is a part of an ongoing effort to sustain a competitive position and thus maintain company prosperity especially with new competitors entering the European Community (EU). Additionally reduced lead-time at Hephaestus S.A., will lead to reduced operating costs, which will enhance the profitability of this company. The aim of this project is to develop a generic tool based on the knowledge gained from a literature research into formal methodologies for reducing leadtime. This generic tool was tested by its application to the activities of Hephaestus S.A., and investigated how problems areas can be addressed. Finally recommendations have been made to Heaphaestus S.A. for reducing its lead-time and improving its operating efficiency