Have you noticed the buzz in the Manufacturing industry recently? According to Manufacturers PMI the industry has a forecasted growth in 2014 of 5.27 % globally, with Africa forecasted to have the highest growth of 7.8%.
It is predicted that in Europe the highest rate of growth in Manufacturing in the forthcoming year will be in Germany (4.6%), followed closely by the UK, with a projected growth rate of 4.3%
Considering this, how will UK Manufacturers cope with the increases that sudden growth demands, and the subsequent increase in the production pressures that follow? When an unexpected growth period starts companies find themselves suddenly asking if they have the capacity to accommodate growth, and what steps can be taken to ensure that they can cope with the additional pressure that growth demands? Sudden growth often kick starts knee jerk reactions with many companies fire-fighting to cope. “I need extra space, I need more staff, where is my stock, how can I get all this delivered on time?” Sounds familiar? Supply meeting demands becomes a tricky balancing and juggling act.
This is not a period of unexpected growth however, it is well forecast. Now is the time when companies should begin to consider and examine all of their business processes to ensure that they capacity plan correctly, and don’t get caught out.
Make Business Decisions
The business examination process should include the production line, the storing of additional components, and the journey they take in order to get them to the side of the track in time for production to begin, the re-ordering of stock, delivery times, extra staff levels, the demand for more space, the list is seemingly endless. And all the above rely on the ability to capture data and transform it into usable information from which strategies and plans can be defined.
Well considered business decisions should be made based on the company’s findings. Part of this process that should be taken into consideration that there are Technology tools out there that streamline processes, without having to increase space, have extra staff, or carry superfluous amounts of stock for a just in case scenario. Technology tools capture the data needed to make informed business decisions.
Visibility - Your biggest asset
The right use of the right Technology will give you your biggest asset in planning and streamlining your manufacturing process – visibility. The ability to see what you have, how much you have made and where it is, is a vital factor to ensure that you get stock; be that components or finished goods; and staff levels right in order to ship products to the customer on time.
Take the warehouse for example. Unless you have a just in time operation where stock is not stored but delivered as you need it, the likelihood is you will have a warehouse operation or at the very least a storage facility.
To read more download the PDF Manufacturing_set_to_grow.pdf
Contact Linda Rodway on 0121 717 7474 to find out more or fill in the contact form below