If the old adage time is money is to be believed in today’s world, then the amount of production manufacturers can squeeze in factories counts as more money. If you’re a top manufacturer, you know that from output to revenue generated to ensuring customer satisfaction, all depends upon efficient operations and streamlined production in factories.
With the advancement in technologies, in changing times, more and more strategies are coming to the forefront which can help boost production in factories. Companies have even started using Industrial robots to boost production and decrease production time. Here are 7 strategies top manufacturers use to boost production:
1. Review the workflow to boost production
To boost production in factories, the first strategy is always to review the current workflow, so that you can assess the present state of affairs in your factory, and work on the targeted sectors that need improvement. This will help you chalk out the areas where productivity is falling behind, and you can focus better on these areas, to make the numbers pop.
From the physical act of production itself to a close analysis of the employees, you need to oversee it all, including the hardware being used, as well. Other variables like employee communication and resources required to complete set of tasks should also be taken into consideration.
2. Maintenance of manufacturing equipment
Proper maintenance of equipment is essential because buying new equipment within a short period of time is expensive. Business equipment loans are available for top manufacturers so that they can purchase new equipment and maintain existing ones. But keeping existing equipment working in optimal capacity is important, as productivity is more if the equipment is working at full capacity.
Nothing ensures better production in manufacturing sectors that equipment working at full capacity, without breaking down or needing repairs frequently. For that, proper maintenance and careful repairs are crucial and cannot be done away with.
Also, in this regard, employees in a manufacturing factory must be equipped with the tools and technicalities of troubleshooting for bugs, and recalibrating equipment as and when the need arises. If they cannot bring about immediate repairs or are not good at gauging what the problem is, they can make you lose valuable time, which would slow down the rates of production.
3. Get rid of unused machinery
If you have tools and machinery which are hardly used but are taking up space in the hope that you might need them someday, it is time to get rid of them immediately. There are a number of reasons why. The first is they are taking up space which could have been used for storing other essential equipment, or could be turned into a cafeteria for employees or a leisure zone that would motivate them to work efficiently, which in turn would increase productivity and production.
The second is the machines, by not being used, are still going through wear and tear, and might not be good for use, a couple of years later. If you try to sell them then, you would hardly get any price. So, sell them as long as they are still valued for money, and worth something.
4. Adopt and incorporate the principles of Lean Manufacturing
Coming up with your own strategies is crucial, as and when the need arises. However, relying upon popular manufacturing strategies with a proven track record of success is essential. Lean manufacturing is one such approach that has a track record of success, and goes back to Toyota Production System, which in turn, had adopted some of these principles from Henry Ford’s assembly-line concept.
Besides the origin, a simple overview of lean manufacturing can be considered as a manufacturing approach that focuses on less waste, low inventory and efficient systems for successful production. Its principles can be summarized by 5S’s. The first is Seiri which requires manufacturers to sort tools and equipment on the basis of necessity, whether they are frequently required or not.
The second Seiton calls for an organization of tools and equipment so that they can be easily identified and found, whenever the need arises, and the third is Seiso which implies maintaining a cleanly work area, which is essential for proper organization or Seiton.
The fourth Seiketsu is the process of creating a daily schedule that allows you to perform the first three S’s every day. The fifth is a final order Shitsuke which orders everyone to follow the first S’s every day. Implementing a near perfect plan as lean manufacturing can be difficult initially, but successful implementation can boost your production needs and bring home a lot of revenue.
5. Smart stocking up of inventory
Manufacturing needs inventory stocking up, and frequently so. But if you stock up too much, in hope of saving costs, you would spend more money to store it, thus not saving anything at all. The perfect plan is to strike a balance when stocking up inventory. Stock up only what you need, and a little more. Don’t overspend on storage, or maintenance.
6. Keep training employees to boost production
Having state-of-the-art equipment, machinery and tools for your manufacturing facilities and factory is undoubtedly a good step, but that is not enough. You must have employees who are always trained to handle bugs, troubleshoot things, and who are adept at the newest technologies available in the market. Technology keeps evolving, so it is crucial to keep your employees learning constantly, with proper training.
Also, training employees for the right jobs ensure an increase in productivity and production. However, it also tackles another crucial problem prevalent in the manufacturing industry, that of, labor shortages.
7. Recognize changes in consumer trends
In the current world, trends are ever changing and you would be a fool to not go with the flow. Not only do you need to keep up with the evolving technologies for they will allow you greater cost efficiencies, but also you need to adapt to newer consumer trends. These trends have the power of impacting operation, and are determined by demographic details, customer values which are constantly changing, and environmental factors. Share greater coordination with retailers, and find a means to collaborate wherever possible.