In partnership with colleagues from several major corporations, Professor Rajan Suri developed the concept of Manufacturing Critical-path Time (MCT), a precise and unified metric for continuous improvement in operations and supply chains. This metric highlights improvement opportunities by clearly quantifying system-wide waste. The metric can be used for both your internal operations as well as for your supply chain.
This hands-on Masterclass will define MCT, provide a business case for the use of MCT, and show you how to calculate it via examples. The Masterclass will cover:
- MCT definition and examples explaining how to use the definition properly
- How MCT affects the performance of both your business and your supply chain
- The surprising impact of MCT reduction on cost, quality and on-time delivery
- Justification of MCT as a unified, enterprise-wide metric for continuous improvement
- Numerical examples of MCT calculation in internal operations and the supply chain
- Using Little’s Law and other tips and pointers to help you calculate MCT
- Using MCT Mapping to communicate opportunities and convince management
- Differences between MCT Mapping and Value Stream Mapping (VSM)
- Using MCT to rethink strategy for Purchasing and Supply Management
- Implementing the innovative strategy of Time-Based Dual Sourcing
The Masterclass will include 'hands-on' sessions where attendees will work on numerical examples to understand how to calculate MCT correctly, and also learn some 'tips and tricks' to deal with situations where data is not readily available.
**Bonus! Attendees will receive a copy of Suri’s book: MCT Quick Reference Guide.
Who should attend?
Senior Executives and Managers in Operations, Supply Chain, Purchasing, Planning and Manufacturing. Continuous Improvement Managers and staff.
Teacher: Rajan Suri
is Emeritus Professor of Industrial Engineering at the University of Wisconsin-Madison. He received his bachelor's degree from Cambridge University (England) and his M.S. and Ph.D. from Harvard University.
Professor Suri is the founding director of the Center for Quick Response Manufacturing (QRM) at the University of Wisconsin-Madison, through which around 300 companies have worked with the University on developing and implementing QRM strategies. Dr. Suri is author of the original book on QRM, Quick Response Manufacturing: A Companywide Approach to Reducing Lead Times (Productivity Press, 1998), as well as the latest book on QRM, It’s About Time: The Competitive Advantage of Quick Response Manufacturing (Productivity Press, 2010). Suri is co-inventor of the MCT metric and author of the first book on this: MCT Quick Reference Guide, C&M Printing, 2014. He is also the inventor of the POLCA system and author of the first book on this system: The Practitioner's Guide to POLCA: The Production Control System for High-Mix, Low-Volume and Custom Products, Productivity Press, March 2018.
Dr. Suri has consulted for leading firms including Alcoa, Boeing, AT&T, Danfoss, Ford, Harley-Davidson, Hewlett Packard, IBM, John Deere, National Oilwell Varco, Pratt & Whitney, Rockwell Automation and TREK Bicycle. Consulting assignments in Europe and the Far East have given him an international perspective on manufacturing competitiveness.
Professor Suri has received awards from the American Automatic Control Council, The Institute of Management Sciences and the IEEE. In 1999, Suri was made a Fellow of the Society of Manufacturing Engineers (SME), and in 2006 he received SME’s Albert M. Sargent Progress Award for the creation and implementation of the Quick Response Manufacturing philosophy. In 2010 Rajan Suri was inducted into the Industry Week 2010 Manufacturing Hall of Fame.
Save up to 40%
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