22/10/19: MCT: An Innovative Time-Based Metric for Improving your Operations and Supply Chain
In partnership with colleagues from several major corporations, Suri has developed the concept of Manufacturing Critical-path Time (MCT), a precise time-based metric for continuous improvement in operations and supply chains. This metric highlights improvement opportunities by clearly quantifying system-wide waste. The metric can be used for both your internal operations as well as for your supply chain.
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Agenda
- MCT definition and examples explaining how to use the definition properly;
- How MCT affects the performance of both your business and your supply chain;
- The surprising impact of MCT reduction on cost, quality and on-time delivery;
- Justification of MCT as a unified, enterprise-wide metric for continuous improvement;
- Numerical examples of MCT calculation in internal operations and the supply chain;
- Using MCT Mapping to communicate opportunities and convince management;
- Differences between MCT Mapping and Value Stream Mapping (VSM);
- Using MCT to rethink strategy for Purchasing and Supply Management;
- Implementing the innovative strategy of Time-Based Dual Sourcing.
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