IMPROVING PROFITABILITY USING JIGS & FIXTURES IN AUTO INDUSTRY

Abstract

ch as productivity, responsiveness, cost saving & profitability when the moulded/ casted/ punched/ forged/ fabricated auto components are produced using dies in conjunction with various jigs & fixtures in production shop. The sustainability in auto sector is dependent on how quickly a firm adapts to its ever changing business environment to redesign processes around the outcomes to satisfy the customer. Today`s metal forming industry is bound to look for optimization in every aspect of its activity. Lean production leads us to identify waste and reduce it as much as possible, whether it`s in the form of WIP, inefficient processes & information flow, or useless & redundant procedures that don`t generate value for the customer. This research conducted, identifies a distinct classification of OEM (original equipment manufacturer) vs SME (small & medium sized enterprise) in auto sector, wherein large companies believe in capex investment in hi-tech modern CNC set-up to achieve zero defects quality with economies of scales. On the other hand, small job shop units bank upon skilled/semi-skilled labour, innovative production tools (such as Jigs, Fixtures & Gauges) and a mix of conventional as well as CNC machineries, in the absence of cheaper capital options at their disposal.