It's a rare business owner who doesn't want to lift profits, reduce the cost of holding inventory and boost cash on hand. Two of the smartest, cutting edge ways of managing stock can help you do that -- the "just in time" and "accurate response" systems.
In the News
By law, all manufacturers, importers, distributors and retailers must notify the Consumer Product Safety Commission (CSPC) if they obtain information that reasonably supports the conclusion that a product:
In the ever-expanding global exonomy, nothing about suppliers or distributors can be taken for granted. As illustrated by the numerous high-profile recalls that have occurred, manufacturers outsourcing to foreign countries must maintain quality control in their supply chains.
In many manufacturing plants, a parts room occupies considerable space, uses non-value-added staff and takes employees away from their jobs to get the supplies they need. Typically, if staff members need new gloves or a machine part, they take the old ones to a parts room where a clerk exchanges them for new ones.
There's no doubt about it: Business has gone international. New electronic and logistical technologies have narrowed distance and time, and trade agreements have opened markets. And manufacturers are in a good position to venture into the business of exporting.
In recent years, the term "going green" has become increasingly important for manufacturers. Green manufacturing generally refers to activities within your company that minimize damage to the environment, conserve energy and are safe for consumers, employees and the community.
Peak production season can be a nightmare. It's the time you need all employees to show up consistently and pull their weight. But reality is often far removed from the ideal.
If that's the case in your plant, you need to consider some strategies to build resilience into your staffing. Here are six tips that can help ease the strain of production peaks:
As manufacturers look for every opportunity to cut costs, one important area to address is equipment downtime. A breakdown, even for just an hour, reverberates through the manufacturing process.
It can slow or halt production, leave employees idle and play havoc with just-in-time delivery schedules.
You spend a great deal of time and money developing unique ideas, products and services. But the more people who know about your plans, the more you risk losing your secrets. To help protect intellectual property (in other words, your vital assets), it's important to require confidentiality agreements.
"Safety First" should be your corporate mantra. Focusing on the safety of your products as you make them can help avoid complaints and litigation, give you a marketing edge and raise the bar for other manufacturers, according to the Consumer Product Safety Commission.