Eris Lifesciences Ltd is the only publicly listed Indian pharmaceutical company with a pure-play domestic branded formulations business model. Ranked #21 in the IPM, Eris has established a leading presence in its core cardio-metabolic franchise in just 15 years from inception.
Basic Challenges of the Company
- Sampling Swab Consumption is High
- More Wastage of Sampling Swab
Project Implemented: LEAN Manufacturing Practices
- Swab Consumption Reduced by 60% - 70%
- Inventory Reduced
- Wasted of Material Reduced
Monetary Benefits: Swab Consumption Reduced by 60% - 70%
Key Principles of Lean Manufacturing
1. Value Identification
The first step towards lean excellence is recognizing and understanding what the customer perceives as value. lean manufacturing practice This value-centric approach ensures that every aspect of the production process aligns with customer expectations.
2. Continuous Improvement (Kaizen)
In the world of lean manufacturing, complacency is the enemy. Embracing the philosophy of continuous improvement, or Kaizen, encourages a culture where small, incremental changes lead to significant enhancements in efficiency over time.
3. Just-In-Time (JIT) Production
Lean manufacturing promotes the idea of producing only what is needed, when it is needed. lean manufacturing practice The Just-In-Time production system minimizes inventory costs, reduces waste, and enhances flexibility in responding to market demands.