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Modular manufacturing aims at changing manufacturing rules for better. The process has been touted to give way to another industrial revolution that will re-define the dynamics of manufacturing industry.
Some of the benefits to emerge from this MPS (Modular Production Systems) thought are 'lowered inventory level', 'decreased time to market', savings due to less production costs' etc.
The underlying principle is that manufacturers should devote more of their time and energy in 'product design', 'marketing' and 'sales' of products and services rather being involved in shop-floor operations. Sophisticated and efficient hardware and software will be provided by capable people and engineers to leave manufacturers with ample resources to be put to better use.
Looking at the basics, there are about two categories of MPS machine elements- PMPs (Process machine Primitives) and MAEs (Modular Actuator Elements).
The reason for evolution of this discipline is the rise in concerns of 'cost effectiveness', 'responsiveness' and 'shortening product-life cycles'.
However, once the elements of modular manufacturing are in place, subject of monitoring it effectively starts raising its head. This can be tackled by bringing in the organization a management strategy called BSC i.e. Balanced Scorecard.
One can out down the useful metrics on it to be followed at later stages for accurate tracking purposes. Several benefits have been extracted from this measurable approach.
This is the actual scorecard with Modular manufacturing Performance Indicators and performance indicators. The performance indicators include: modular manufacturing, financial perspective, % savings in inventory costs, % savings in transportation costs, % increase in revenues, % savings in labor costs, operational perspective, % decrease in production-to-market lead time, machine modules re-utilization, % reduction in manufacturing lead times, % increase in productivity, internal processes perspective, number of production assignments completed in time, integration capabilities, interaction level, % reduction in down time, efficiency, % decrease in standard production hours, % reduction in defect rate, % reduction in inventory levels, waste ratio reduction .
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