Ford Motor Company is an American multinational sells automobiles and commercial vehicles under the Ford brand. Ford Thailand Manufacturing (FTM) is a new factory and produce three models there are Focus, Fiesta and Eco Sport.
I intern in finance department and I assigned process and cost improvement project. The objectives of this project are to establish an accurate project expense forecast process and to understand usages of industrial material and find cost improvement. For process improvement, my processes are tracked and pulled data from PCAM system, collected data, analyzed, and establish the template for forecasting. Then, I did forecast by confirm user for provide accurate forecast. For cost improvement, my processes are listed top ten Industrial Material cost and understood What is material? Why they have to use more?. And then I seek the rag cloth as an opportunity for improvement by washing and reuse.
As the result, for process improvement all data have been tracking correctly and establish a forecast process resulted in variance gap improvement and forecast accurately. For cost improvement, company will save around 106,770 Bath per year if they follow my opportunity.