Manufacturing does not only involve large corporations and factories. Individuals are starting scale manufacturing businesses in recent years. If you own a small-scale manufacturing business, learn how to let it flourish.
Inventory Management
- Supply chain management: A reliable supplier who adds value to one’s business is more valuable than expensive options. Find alternative suppliers and keep enough stock to meet customers’ demands during emergencies.
- Reduce lead times: Prioritize the manufacturing order queue to reduce lead times.
- Reduce carrying costs: Avoid hoarding more stock than you need as it leads to high carrying costs. It might cost less to accept smaller orders. This gives you the flexibility of changing old, outdated parts.
- Forecast demand: Use a suitable demand forecasting model to determine the right frequency and quantity of reordering stock.
- Clear dead stock: Remove excess stock to free up space for other materials. This practice reduces carrying costs.
Workshop Productivity
- Type of BOM: The Bill of Materials is important in the master production schedule. In addition, one can choose between multilevel, configurable, and modular,.
- 5S’s: This is a Japanese lean inventory methodology that involves Seiri (sorting), Seiton (straightening), Seiso (sweeping), Seiketsu (standardizing), and Shitsuke (sustaining).
- Stay below full capacity: While high productivity is desired, try to stay below full capacity so that employees can keep up when there is an unexpected spike.
Employment Practices
- Encourage open communication: Create a culture of openness so that employees can contribute their opinions and feel valued. This practice also helps business owners identify potential manufacturing problems.
- Invest in employees: Provide workers with training opportunities to upskill and keep up with the latest manufacturing technologies.
Leverage Kemperle Industries’ Manufacturing Expertise to Achieve Your Goals
Are you looking to work with manufacturing experts? Look no further than Kemperle Industries. We have in-depth knowledge on manufacturing and how to seamlessly integrate it into your pipeline. Feel free to contact us today for more information.
