Videoblog: Prof. Suri about Quick Response Manufacturing
QRM is a companywide strategy for lead time reduction throughout the enterprise. Using QRM, companies have reduced their lead times by 80-90%. As a result these companies have not only seen large increases in market share, but also experienced significant cost reduction and quality improvement. Although Lean Manufacturing techniques can be powerful in certain situations, for companies making low-volume or custom-engineered products, Lean techniques do not apply too well. Quick Response Manufacturing (QRM) can be a more effective competitive strategy for companies targeting such markets.