Reducing defects and achieving business profitability using innovative and lean thinking

TRIZ can be considered as a tool of innovative problem solving. In manufacturing domain where quick solution for problem has be developed, methods such as DMAIC, QC story, 8D might take long time to implement and give benefits. TRIZ can overcome this problem with channelized thinking. The case study of this research which was conducted in magnet manufacturing shows that with use of innovative thinking using TRIZ an organization could achieve the quality of product without sacrificing business goals. Cost of quality and cost of manufacturing were both balanced with simple solution to the production problems. Simple innovations lead to increased output capacity and reduction of defects. This contributed to optimize available resources i.e. Achieving LEAN and offer additional product. This case study holds a prime example of TRIZ and how a manufacturing organization can benefit using such a new technique.