What is process optimization and how does it helps in achieving greater production volumes?

Process optimization is analyzing process data and tracking process deviation. Then you can build a corrective action by defining procedures or standardization or investing in more efficient equipment. You to go through the cycle DMAIC (Define, Measure, Analyze, Implement and Check) before deciding to go for an investment or a major. This cycle is part of the Lean manufacturing which is a wonderful method to apply for process optimization. The best process optimization is increasing productivity without any or minor investment. In that case, you will generate immediate savings or additional capacity.