As per the industry classification benchmark, this industry sector includes the following subsectors –
- Consumer Electronics - Manufacturers and distributors of consumer electronics, such as TVs, VCRs, DVD players, audio equipment, cable boxes, calculators and camcorders.
- Recreational Products - Manufacturers and distributors of recreational equipment. Includes musical instruments, photographic equipment and supplies, RVs, ATVs and marine recreational vehicles such as yachts, dinghies and speedboats.
- Toys - Manufacturers and distributors of toys and video/computer games, including such toys and games as playing cards, board games, stuffed animals and dolls.
Applications in Electronics Industry
Source - http://www.thehindubusinessline.in/2001/11/10/stories/0210186g.htm
If you thought Six Sigma was an IT buzzword, then there's something amiss. Because a consumer electronics giant in India has got on to the quality initiative and look what it has achieved.
LG Electronics India has 60 six sigma projects running in the areas of production, purchase and HR. Some of the achievements are: The communication cost control project slashed the phone bills for the land line from Rs 13 lakh per month to Rs 5.5 lakh per month.
This was three months after the project was initiated.
Similarly, power and diesel bills which were amounting to about Rs 42 lakh per month now stand at Rs 31 lakh per month.
According to Mr Yasho V. Varma, Vice-President, HR and MS, LG Electronics India Ltd., ``All the initiatives are business results-oriented. We're probably the only consumer durable company in India to do so.''
Mr Varma told Business Line that by next year, these processes should earn his company 100 green belts and about 20 black belts. ``We want every department head to be a black belt.''
The 910-employee company has gone online in all its processes.
E-training programmes for employees, dealers and vendors have already been initiated taking them closer to the target of 80 per cent localisation by this year-end. Even payments for vendors are made online, Mr Varma said.
Apart from the six sigma, the company also has a tear- down reengineering policy (TDRs) involving every employee.
TDRs are small projects that aim to improve productivity and save costs. One such project has helped increase production of CTVs from 800 per day to 2,000 per day.