Utilising the Steel Efficiency Review® to better understand manufacturing businesses, our SER® consultants have recommended the following 3 key value proposition solutions to help deliver OPTIMAL PRODUCTION RUNS:
1. TIME IN WAITING IMPROVEMENTS TO REDUCE BOTTLENECKS. Simplifying purchasing patterns and systems to allow seamless management of stock to machine. Predicting future sales trends and using accurate sales forecasting tools and templates will help improve time in waiting and reduce operational bottlenecks. A workable solution to improve workflow and provide greater opportunities to deliver OPTIMAL PRODUCTION RUNS.
2. OPTIMISATION OF FEED MATERIAL. By investing is smaller material deliveries and quicker lead times where possible; creating optimal coil sizes, pack sizes and packaging – will allow the delivery of OPTIMAL PRODUCTION RUNS.
3. OPTIMAL STOCK SIZES AND ATTRIBUTES. Adjusting stock levels dependent on buyer behaviour and historic reporting will allow for optimal stock sizes and related attributes, Uncovering trends and seasonal highs and lows provides production teams with the right information to work with sales to increase business cash flow when needed the most. A highly workable solution to help with delivering OPTIMAL PRODUCTION RUNS in any steel business.
In implementing these value proposition solutions, our customers not only eliminate or reduce OVER PRODUCTION but they create opportunities to focus more closely on their customers and even highlight the causes of many other problems within processes that are hidden by this waste.
The Steel Efficiency Review® aims to provide recommendations to change and improve our customer’s business and at the same time our product and service offer.
Download our State of Market Reports for our insights and learnings after completing 1,011 Steel Efficiency Review® consultations on businesses of all shapes and sizes across Australia. To register for your own FREE Steel Efficiency Review® click here.