Producing Globally Competitive Steel - Lean Manufacturing and Digital Lean Transformation of Steel Industry
The current global market is flooded with more supply of steel than actual demand. Therefore, the topmost priority of every steel company is to enhance global competitiveness to sell its products.
Today customers are looking for not only good quality steel at lower price, but competitive "value proposition", which can solve their problems in a better way than competitors. The value proposition of steel products can be improved by modernization and efficient operation of three core disciplines; production technology, management system, and digital technology. During last four decades, there have been tremendous developments in steel production technology resulting in improved quality and productivity. Most leading steel companies continually modernize production technology to keep pace with time.
But, the management system of the majority of steel industries are still based on the traditional “mass production” driven by the “economies of scale” paradigm, which was relevant when supply was less than demand. Mass production mainly focuses on increasing capacity utilization of steel plants, but cannot assure competitive customer value. To become globally competitive, steel companies need to transform the current "mass production" to a "lean manufacturing" system. Lean manufacturing is driven by the “economies of flow” paradigm, developed by the global leader Toyota, being adopted by all types of industries across the world. To face future challenges, customer value and profitability can be further enhanced by implementing industry 4.0, which uses digital technology for integration and control of production, process control, predictive maintenance, supply chain, and business operations.
To establish an efficient management system and digital technology, progress-seeking steel companies must adopt lean manufacturing and undergo digital lean transformation. The objective of this book is to facilitate steel companies to design, produce, and deliver "winning value proposition" to customers and grow their business.
About the Author: Akhilesh N Singh is a Metallurgist and Lean Management Consultant. Having over 49 years of hands-on experience in Steel Production and Lean Management Consulting. Worked in Steel Authority of India Ltd. & Jindal Stainless Ltd. Specialist of Silicon & Stainless Steel. Trained in Lean Management in Toyota Motors Japan & Lean Enterprise Academy UK. Six Sigma Black Belt from ASQ. Executed over 350 Lean Consulting/Training assignments in leading industries of five countries; India, Qatar, Bangladesh, Saudi Arabia & UAE. Author of 15 books on Lean Manufacturing, Cost Reduction, TQM, Stainless Steel, etc. Facilitating business organizations to improve process performance through Lean management.
- Paperback: 270 pages
- Publisher: White Falcon Publishing; 1 edition (2022)
Author: Akhilesh N Singh
- ISBN-13: 9781636405742
- Product Dimensions: 5.5 x 1 x 8.5 Inch
Indian Edition available on:
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