These 5 challenges are common across multiple industries:
The best way to deal with forecast accuracy? Customer intimacy. Manufacturing companies, especially complex, vertically integrated ones, have to develop an intimate relationship with their customers. Which ones? Focus first on your most important customers with whom you spend most of your time, about whom you worry the most.
It's difficult to find qualified labor. We outline some criteria and observations that may provide helpful guidance to defining and recognizing highly qualified labor. Like any resource, the lack of good people in your company and in the marketplace can be a serious constraint to growth.
Organizations and their people have consistently struggled to understand and adopt technology. But digital transformation in manufacturing is here. The smartest mid-sized manufacturing companies understand that the world is moving too quickly for them to develop planning software and “thoughtware” specialists inside of their company.
CCPM can complete projects at a rate of 10% to 50% faster and/or cheaper than the traditional methods. On-Time Edge believes that by using the Critical Chain Method, projects can be completed more quickly and with greater scheduling clarity.
Given the risks involved, here are some creative ways to increase capacity and to eliminate the bottlenecks in your production process. Consider these flexible alternate solutions, if you haven’t already:
Maximizing the shifts during which current equipment is used
Minimizing setups which leads to workflow optimization
Cross-training employees on specialized equipment to man a second shift or a third shift
Exploiting advanced planning scheduling tools that On-Time Edge promotes and implements