How Technology Developments Can Impact Quick Response Manufacturing
Enterprises in the industrial sector looking to maintain their relevance and competitive edge—especially in environments with irregular, changing and unpredictable demands—should explore the Quick Response Manufacturing (QRM) methodology. Looking forward, this methodology, which was developed in the early 1990s by Prof. Rajan Suri of the University of Wisconsin-Madison, could be revamped with the use of new technologies, such as artificial intelligence (AI) and collaborative robots (cobots).
At its core, QRM is a company-wide strategy to reduce lead times in all aspects of an organization’s operations. QRM’s primary focus is not just the production floor but encompasses the entire organizational and production process, from the initial inquiry to the product’s delivery. QRM emphasizes time as the most critical metric. The idea is simple: reduction in lead times leads to an increase in competitiveness and market share.