The equation is simple – if you increase productivity, you will increase profitability.
Production depends on many factors including employees, processes, and equipment. As a manufacturing business, you need to implement strategies that will increase productivity.
If you are observing a decline or stagnancy in productivity, the following 6 tips will be helpful.
6 Ways to Increase Productivity
- Analyse the Current Workflow
Identify all the pain points in the current workflow. If you don’t know how everything is currently working, you wouldn’t know what to change.
Break down the analysis in three parts:
• People: Determine you have the right people with the right skills. Ensure the employees are accountable and responsible. Make sure the objectives are clearly defined for all the employees.
• Processes: Map out all the existing processes. Identify the bottlenecks and address them. Use value stream mapping for identifying and monitoring projects for process improvement
• Equipment: Ensure your equipment is in good condition and determine if it requires repairs. Check if you have the right kind of technology to cater to the current needs.
After identifying existing issues, make the necessary changes.
- Update Business Processes
Share the current workflow problems with project managers to develop improvement plans.
Updating business processes could mean re-assigning resources to different areas, getting certifications or managing budgets.
Systematically evaluate performance and implement necessary changes.
- Invest in Employee Training
Training of employees is an ongoing process – not a one-time thing. So, don’t think twice about investing in employee training.
Ensure that all employees complete mandatory training like safety training. Train the employees on how to use existing technology. Schedule training sessions whenever you bring new equipment.
Investing in employee education is also a good idea. It will motivate them to perform better and also help in retaining staff. If your employees wish to learn a new skill, provide them with the necessary educational opportunities.
- Quantify Inventory
Keep track of all your inventory and ensure you have the right quantity. Too much would mean extra storage costs and wastage; too little might bring your operations to a halt.
Put a monetary value on everything – materials, equipment wear and tear, and man-hours. Assigning a value will help you understand which areas of production need attention.
- Get Smarter Tools
Manufacturing is an industry where the productivity of the employees depends on the efficiency of their tools.
Bringing in smarter machining tools will increase productivity and help you stay competitive in the market. It may seem like an expensive option but it will reap higher returns over time.
- Stay Organized
Lack of organization can actually waste money! You can waste a lot of man-hours trying to get around an unorganized environment.
You can increase productivity by ensuring that everything is organized. Reduce wasted movement and remove clutter. Rearrange the manufacturing layout to maximize efficiency.
Create an optimal layout of tools required on the job. Apply storage techniques to store documents and paperwork properly.
- Practice Preventive Maintenance
Equipment maintenance is essential in every manufacturing unit. Scheduling preventive maintenance will allow you to identify and troubleshoot issues before they blow up.
Regular maintenance ensures that you don’t experience prolonged, unexpected downtime. Schedule maintenance at regular intervals. Identify the best time to conduct maintenance without affecting the current operational processes. Train all the operators in maintenance and troubleshooting procedures.
Practicing preventive maintenance will reduce downtime, minimize costs and increase productivity. It ensures that all the machines in the facility continue to run smoothly without abruptly stopping the work.
Increased productivity leads to increased revenue. It also presents you with a chance to explore newer business opportunities and expand the business. Contact EzyTrader to understand how to increase productivity in your facility.