Track: Industrial Management
Abstract
The aim of this research is to study the feasibility of reducing cost of forklift's tire replacement. According to the gathering data, the new tire replacement cost from January to June 2018 is 617,280 THB which seems very high. In order to reduce this cost, the VA/VE technique is chosen to analyze the data due to its accomplishment in an automotive industry. A comparison between the new OEMs tire and retreading tire in 1,000 working hours has been analyzed based on this concept. Its implementation and details of a feasibility ranking table are clearly demonstrated and discussed. The results shown that the replacement cost of the retreading tires are only 288,560 THB which is lower than the new OEM tire by 53.25%.