OpEx – Optimize Product Costs

Optimizing Costs
This presentation, “OpEx – Optimise Cost,” by Vishnu Rayapeddi, outlines strategies for operational excellence focused on cost optimisation. It begins by explaining the importance of understanding customer needs and how they define quality, alongside methods for analysing cost and waste components. The document highlights various types of waste in manufacturing, such as defects, overproduction, and excessive motion, and offers practical exercises for identifying and reducing these costs. Furthermore, it introduces the concept of pull systems in production, contrasting them with traditional push systems to demonstrate their benefits in reducing operational costs and inventory. The presentation concludes by emphasising the importance of measuring results and implementing continuous improvement projects to achieve significant cost reductions and enhance customer satisfaction.