Manufacturing is the kind of industry that’s riddled with inefficiencies. Be that because of outdated machinery, excess waste, or poor relationships between supply and demand, it’s an industry that’s in need of a shake-up. If you want your firm to lead the way in terms of making efficiency gains ahead of your rivals, this article’s for you. Introducing you to some basic concepts and steps, this guide is all about how you can boost your manufacturing efficiency by finding the optimal running pace of your facility and ensuring you’re always keeping up with demand.
Your factory or facility isn’t always running. Whether you switch off for the night, the weekend, or on alternate days of the week, it’s rare for firms to operate their machines 24 hours of every day. They need some downtime, and if that downtime is planned, production can continue apace and as predicted. But problems emerge when that downtime is actually during a period when you had expected to be producing.
This is often the case in firms that operate unreliable machinery. When a part breaks, the line has to stop – and some wastage usually occurs. Every second your line is down, your bottom line starts to sink, as your firm becomes less efficient. The tip here, then, is to ensure downtime is scheduled and not a surprise – and this means maintaining your machinery diligently.
Switching to Lean
Lean manufacturing has been hailed as one of the best efficiency breakthroughs in the past couple of decades. It’s a system of production that is careful to produce within its means, always following demand with supply. If you’re not yet operating by this model, this is a good chance to learn a little more about lean manufacturing and how it could come to help your firm.
Most excitingly, lean manufacturing is all about reducing waste and fulfilling orders as they’re made. It relies as much upon your mindset and business model as it does on technology that tracks orders and predicts demands. Adopt this model and this way of thinking to make your firm more efficient in the future.
The final tip for making your manufacturing firm a little more efficient is to bring in the auditors. They might be consultants at some of the big business analysts and advisory firms, or they may be specialists in the sector who are trained to look out for factory and production line inefficiencies.
You need to listen to these experts. They’re there to help you improve your business and drive efficiency, and they’ll have spotted areas in which you could improve your output, boost your profits, and reduce your overheads. Conduct these audits semi-regularly – perhaps once a year – so that you’re always keeping on top of developments in your systems and processes. You are, after all, always evolving as a company – and there will always be new inefficiencies to quash with professional advice.
Efficiency is something that will drive your production line to new levels of profitability, helping you overcome competitors and outmaneuver rivals.