Reduction in Manufacturing Cycle Time cum Cost propels Productivity and Business growth in Aerospace Industries

Abstract

- The manufacturing cycle time as well as cycle cost reduction of detailed and critical components which induces the opportunities of productivity and leads for business growth in aerospace industries. It can emerge as economy growth for nations. Major portion of budget of any country goes for purchasing, research, development and modernization of aircraft, helicopter, rockets, missiles etc. It is therefore required to focus to reduce manufacturing time cum cost of detailed and critical components for aerospace flying machines. This field creates an environment for revenue generation in our economies as well. The cost effective manufacturing of aerospace flying machines lead for cascading development in aviation industries. At low cost manufacturing generates more production of aerospace machines by immense engagement and effective utilization of men, machines, materials for revenue generation and stopping steep drainage of cash flow from economy of nation. This research will revolutionize to aerospace industrialists and manufacturers by focusing on, time reduction, cost reduction, quality improvement for high business growth in manufacturing. The growth in business can be done by enhancing productivity with respect to lowering manufacturing time and lowering manufacturing cost of aircraft, helicopters, satellite, rockets, space shuttle etc. The effectiveness of time reduction and cost reduction of detailed and critical components are the prime concerned parameters for productivity enhancement as well as business growth in aerospace manufacturing industries. many intricacies, factors, complex interaction of time elapsed in operations. If labour time be reduced, the delivery time also will be intently reduced, by reducing of different machining operations time. Reduction in operation time will lead reduction in delivery of helicopters, aircraft, satellite, rocket to our customers. This research will give a direction and guidance to manufacturers and industrialist as to how reduce the manufacturing time and cost under operations of machine, inspection, movement, queuing during manufacturing for detail and critical components of aircraft, helicopter and other aerospace flying machines. Cycle time consists of set up time, machine processing time, quality inspection time, transportation or move time and waiting time for loading in machine to machine. The possibilities of manufacturability will be enhanced by emerging technology and new breakthroughs as artificial intelligence, robotics, Internet of Things, autonomous vehicles, 3-D printing/ additive manufacturing etc. They collect huge amounts of data from smart sensors through cloud computing for manufacturing of critical components and Industrial internet of things-IIoT which helped the manufacturing system to improve the efficiency of manufacturing design, machinability, supply chain of raw material and semi-finish components on machines and manufacturing production by time reduction and cost reduction. The applications of Industry4.0 and lean that have changed the manufacturing world. We have used it for aerospace manufacturing components also and found the results in data analysis later. A reduction in time and cost can emerge the opportunities for enhancing the productivity and emerging global business of aerospace manufacturing sector.