by James Daniels, freelance writer.....
Regardless of the size of your business or how much of a reputation you have already built for yourself in the field of manufacturing, there’s always another step forward for you to take. If you want your company to scale the heights of your industry, this is a step that you simply must be looking to take sooner rather than later.
If your manufacturing business is to reach its full potential, there are no two ways about it — you’ve going to have to actively make an effort to improve it. To find out how that can be achieved, be sure to read on.
Become a better boss
Your attempt to improve your manufacturing business should start right at the top, which is why you should make an effort to improve your personal performance before you do anything else. If nothing else, once they notice the effort that you are making to be a better boss, your workforce may just feel inclined to follow suit and make a conscious to improve their own performance.
There are many ways for you to improve as the owner of your manufacturing business. Here are just a few of them:
- Improve your general business acumen by enrolling on a BBA course — for more information on what such a program could teach you about being a better business owner, head to https://online.walsh.edu/programs/online-bba
- Focus on supply chain management
- Manage your order queue to cut lead times
- Refrain from leaving your inventory lying around
- Be honest with yourself, especially with regards to obsolete stock
- Learn how to judge the value of each different supplier you work with
- Get to grips with Bills of Materials (BOM) and Master Production Schedule (MPS)
- Learn the 5 S’s — Sort, Set in Order, Shine, Standardize, Sustain
Increase workforce productivity
Once you’ve stepped up your own game, it’s time to start improving your manufacturing business across the board. To do this, you’re going to have to increase your workforce productivity. Your employees are the ones out there on the factory floor every day, so they’re the ones that need to be working proactively and at an efficient pace.
To increase your workforce productivity, you must:
- Examine your existing workflow to identify your current pain points
- Reassign staff members/resources to different departments
- Invest in staff training and continued development
- Set realist expectations when it comes to deadlines
- Update your machines tools and seek to automate where you can
- Ensure that your equipment is maintained over a sustained period
- Get and remain organized
- Encourage interdepartmental collaboration
Adapt to the changing consumer landscape
You need to adapt to the changing consumer landscape, there are no two ways about that. If you aren’t prepared to give your customers what they want, quite simply they’ll find themselves another manufacturing business that is capable of offering a service far more befitting of today’s climate. If you continue to hand custom to your competitors in this sense over a sustained period, unfortunately your manufacturing business will more than likely itself on the scrapheap sooner rather than later…
First and foremost, in this instance, this means not only making your stock available for purchase online but diversifying your online portfolio. Today, consumers want to get everything they require in one fell swoop — basically, they want to purchase their entire shopping bag from the same website.
By diversifying your e-commerce productive range, your customers will stand a much better chance of finding all of the manufactured goods that they need on your site. As a result, they’ll be less likely to cancel their transactions with you and head to an e-commerce giant such as Amazon.
Upgrade your sales team
If you’re to truly scale your manufacturing business, you have to upgrade your sales team. The crack team of professionals that you enlist to push your products must be capable of identifying and grading all of your leads, they must actively improve your sales scripting, and they must be well versed when it comes to several reactivation strategies.
Whatever you do, don’t put all the hard work that you do on the factory floor to waste by employing a subpar sales team. If this means getting rid of your current sales department and hiring fresh blood, then so be it.
You didn’t start your business to see it flounder and struggle in its startup stage, you started it because you wholeheartedly believed it could scale the manufacturing industry. For that to be the case, you’re going to improve your company by putting all of the advice laid out above into practice.
Author: James Daniels is a freelance writer, business enthusiast, a bit of a tech buff, and an overall geek. He is also an avid reader, who can while away hours reading and knowing about the latest gadgets and tech, whilst offering views and opinions on these topics.