Quick Response Manufacturing
QRM emphasizes the beneficial effect of reducing internal and external lead times. Shorter lead times improve quality, reduce cost and eliminate non-value-added waste within the organization while simultaneously increasing the organization’s competitiveness and market share by serving customers better and faster. The time-based framework of QRM accommodates strategic variability such as offering custom-engineered products while eliminating dysfunctional variability such as rework and changing due dates. For this reason, companies making products in low or varying volumes have used QRM as an alternative or to complement other strategies such as Lean Manufacturing, Total quality management, Six Sigma or Kaizen.
Read more about Quick Response Manufacturing: Practice, Center For Quick Response Manufacturing
Famous quotes containing the words quick and/or response:
“Not marble nor the gilded monuments
Of princes shall outlive this powerful rime;
But you shall shine more bright in these contents
Than unswept stone, besmeared with sluttish time.
When wasteful war shall statues overturn,
And broils root out the work of masonry,
Nor Mars his sword nor wars quick fire shall burn
The living record of your memory.”
—William Shakespeare (15641616)
“Its given new meaning to me of the scientific term black hole.”
—Don Logan, U.S. businessman, president and chief executive of Time Inc. His response when asked how much his company had spent in the last year to develop Pathfinder, Time Inc.S site on the World Wide Web. Quoted in New York Times, p. D7 (November 13, 1995)