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Innovation Management

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With 4 years of continuous efforts, the yield of continuous casting plant (Stand Pig Casting Machine) could not be improved beyond 92 to 93% by any of the available improvement theories as well as techniques like:

  • TPM (thru JIPM)
  • Theory of Constraints
  • TOP (McKinsey model)
  • TBEM
  • TQM
  • Six Sigma and others

However with application of Design Out For Reliability (DOFR), the yield increased to 98%. Further, in barely three months with minimum efforts, the company gave additional profit increase by 8% on a continuous basis (the reported profit margin of company is around Rs. 35 crores).

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