Manufacturing conversion cost reduction using quality control tools and digitization of real-time data

Two-wheeler automobile manufacturers in India are currently facing a big pressure to reduce the overall manufacturing cost in order to sustain the position in hypercompetitive domestic and global market. The manufacturing conversion cost is one part of the overall manufacturing cost. It consists of three major components i.e. product or parts scrap cost, consumables cost and tool cost. The scrap cost is the cost of defective products, which are...