Improving Profitability with Continuous Improvement

EasyChair Preprint 7785

Abstract

Manufacturing companies are facing a number of challenges when it comes to prioritizing and implementing continuous improvements efforts (Laurean, 2012). The aim of this paper is to overcome this problem by applying the Profitability Improvement Analysis (PIA), by identifying key areas that would bring the biggest gain for the company, and later by applying Lean Six Sigma (LSS) to improve those areas. The case study in the company for the production of light metal packaging presented the success of the application of both methods and the impact on profitability-where by implementing a LSS project in high impact area profitability increased from 12% to 14.5%.

Keyphrases: Lean Six Sigma, Manufacturing, PIA

@booklet{EasyChair:7785,
  author    = {Aleksandra Vukovic and Dragana Stojanović},
  title     = {Improving Profitability with Continuous Improvement},
  howpublished = {EasyChair Preprint 7785},
  year      = {EasyChair, 2022}}