Business problem:
- Scrap resulting from press machines is about 10-11% of total material cost.
- Systematic analysis and planning are required to reutilize the scrap
Solution Approach:
- Study of all forms, shapes and sizes of waste pieces
- Identified the opportunities by mapping the other requirements
- Planning to collection and storage methods
- Training to people
- Meticulously monitoring inventory of waste piece
- Plan changes required in tooling
- Implement
Key Outcome and benefits:
Scrap savings $750,000
