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Survival strategies for the 'next generation of manufacturing'

from Industry Week

Within four years after General MetalWorks began applying lean manufacturing principles, the Mequon, Wis.-based custom metal fabricator slashed its finished-goods inventory by 90 percent and nearly tripled its annual inventory turns. "And today we essentially carry no finished goods," GenMet President Mary Isbister said. GenMet, whose customers include truck and construction OEMs and point-of-purchase display manufacturers, also leveraged lean to cut lead times in half for its contract-manufactured products, giving it an edge over offshore competitors, Isbister said. more


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