Operations Management and Improvement for Jcr Drillsol Private Limited

Operations Management and Improvement For

JCR Drillsol Private Limited

JCR DRILLSOL

Table of Contents

1. Introduction

1.1) Problem Specification and Hypothesis…………………… 3

2. Article Summary ………………………………………………….. 5

3. Problem Analysis………………………………………………… 13

4. Conclusion…………………………………………………………. 18

References……………………………………………………………… 18

Introduction

JCR Drillsol PVT.LTD

JCR is a large scale manufacturing company who’s objective is to provide unique and unprecedented solutions in every arena of the Drilling, Mining and Construction Industry. JCR’s variety of specialized RIGs finds its application in every possible arena of the drilling industry, making them one of the most competitive services in the business.

JCR Drillsol, products include highly efficient and heavy-duty RIGs for a wide range of drilling applications ranging from RC, DTH, Tractor mounted and Wagon Drills, Pumping and Testing Units to Drag Bits, Mud Pumps and Mini Truck Mounted Drills. Our technology also designs other drilling solutions such as DTH Hammers, RC Hammers, RC Drill Rods, Tricone and O-Dex Bits.

Problems faced in the industry

Various problems faced by the industry are:

* Material Wastage and Cost Factor

A major problem faced by JCR Drillsol is the wastage of materials and cost factor. The Product output per unit input of raw materials became lower. It also occurred due to heavy inventory. It also occurred due to bad process design and layout. The other factor, which leads to material wastage, was bad quality from process and design.

Hypothesis:

Lean Manufacturing can be used to eliminate the wastage of materials that reduces the cost per unit of raw materials. A proper management of inventory for the industry can be accomplished using the inventory management principles. A good process layout will increase the labor...