DocumentCode :
2757956
Title :
Huge cost savings upon financial system in manufacturing
Author :
Li, Michael
Author_Institution :
Quality Dept., Multi-Fineline Electronix Co., Ltd., Suzhou, China
fYear :
2010
fDate :
2-5 June 2010
Firstpage :
1198
Lastpage :
1203
Abstract :
There are many methodologies aiming at how to make huge cost savings, in the world. However, since these methodologies are not upon the financial system in manufacturing, the huge costs saved are not payable by banks. A new methodology is proposed herewith, which is strictly upon financial system in manufacturing, and therefore, the huge costs saved are payable by banks anytime, anywhere. Also, some critical disadvantages, risky mistakes, and negative effects, of some typical cost saving methodologies (like: 6 Sigma and Lean Manufacturing) are exposed. So, here is an alert to all manufacturers.
Keywords :
cost reduction; financial management; manufacturing industries; 6 Sigma; ERP system; cost savings; financial system; lean manufacturing; manufacturing; Control systems; Costs; Enterprise resource planning; ISO standards; Lean production; Manufacturing; Materials requirements planning; Quality management; Raw materials; Research and development management; 6 Sigma; Cost Down; Cost Saving; ERP System; Engineering Management; Extra Profit; Financial System; Lean Manufacturing; MRP System; Quality Engineering; Quality Management System;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Management of Innovation and Technology (ICMIT), 2010 IEEE International Conference on
Conference_Location :
Singapore
Print_ISBN :
978-1-4244-6565-1
Electronic_ISBN :
978-1-4244-6566-8
Type :
conf
DOI :
10.1109/ICMIT.2010.5492914
Filename :
5492914
Link To Document :
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