Practice
Quick Response Manufacturing is used by a variety of companies from different sectors worldwide. As an enterprisewide strategy, QRM has found applications in all areas of the company from shop floor to office operations to supply chain and beyond. In the apparel industry, QRM has also become closely intertwined with the concepts of Fast Fashion and Fast Fit, both of which are intended to reduce the timeframes typically associated with bringing catwalk style to the high street.
Many companies use QRM to address lead time issues in some parts of their organization or as an addition to existing continuous improvement efforts such as Lean, Six Sigma or others.
Another group of companies including Alexandria Extrusion, Omnipress, RenewAire and Phoenix Products have transformed their entire operation according to QRM principles making full use of QRM’s enterprisewide reach.
In a 2008 article in Barron’s magazine profiling the five companies most successful at boosting their sales and cash flow from among the 500 largest (by sales) publicly traded companies in the U.S. and Canada, Merrill Miller, chairman and CEO of National Oilwell Varco (NOV) mentions improved manufacturing efficiencies based on QRM as a large part of NOV’s growth.
In recent years, QRM principles have also found applications in the healthcare and pharmaceutical sector.
Read more about this topic: Quick Response Manufacturing
Famous quotes containing the word practice:
“The astonishment of life, is, the absence of any appearance of reconciliation between the theory and the practice of life.”
—Ralph Waldo Emerson (18031882)
“Kindness is a virtue neither modern nor urban. One almost unlearns it in a city. Towns have their own beatitude; they are not unfriendly; they offer a vast and solacing anonymity or an equally vast and solacing gregariousness. But one needs a neighbor on whom to practice compassion.”
—Phyllis McGinley (19051978)
“I am out of practice at living.
You are as brave as a motorcycle.”
—Anne Sexton (19281974)