Operational Excellence in tool and die industry
The economic development in the indication of financial crisis and recession led to the intensification of competition for manufacturing companies in all industrial sectors, especially for the tool and die industry. Besides leadership in technology and innovation, it is crucial for tool shops in high-wage locations to strive for leadership in fast, reliable and efficient management of processes for the long-term success due to the growing competitive pressure in global markets. Thus it is necessary through excellent processes to obtain a position, in which the own company is able to act instead of react. This describes the requirement for Operational Excellence. Based on that demand, this study shows current trends in six fields of action. Additionally recommendations for the individual fields of action are made, which will enable the companies to position themselves successfully.