As 2019 unfolds, manufacturers will need to continue to meet existing challenges from their markets and customers but also be conscious of emerging developments in waste and cost management or the implications of a possible change in federal government.
Every manufacturing business has its own priorities, but across the general manufacturing industry some common themes dominate. We have found, there are things our customers are doing to address or lessen the downside effects or take advantage of opportunities. These comprise:
- Staff Skills – many of our manufacturing customers are constrained by staff skill shortages.
- Waste – in the form of excess inventory, over production and excess motion have been identified as the key forms of waste for our manufacturing customers.
- Innovation – constantly improving and driving for change in product and service innovation. This seems to be a key priority for our manufacturing customers.
- Energy and Production Costs – A key challenge for all manufacturers. A great starting point is knowing where and when these costs are being used the most.
When thinking about making efficiencies and chasing profitability, getting the most out of your people and machinery makes complete sense in any operational setting. Our SER® consultants have recommended the following 3 key value proposition solutions to help deliver this:
- 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 get the most out of your current machinery.
- 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 you to get the most out of your current machinery.
- 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 to get the most out of your current machinery.
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. We work hard with our customers to innovate and develop new solutions.