Your business has no choice but to be productive and efficient
Updated: Dec 31, 2020
Business continues to be about productivity.
According to business gurus, productivity is how well your company converts materials, equipment, and labor into goods and services. I think that’s a fine definition, but why not simply put it this way, being productive means working smarter and more efficiently. Here at Atlantic Coast we consistently evaluate our processes, methods and equipment. For us it’s a necessity because virtually no two specialty fulfillment projects are the same. That alone keeps us at peak performance—a vital necessity since most of us are competing with China, Canada, India, you name it. And their labor costs are minuscule compared to ours.
Your business and mine has no choice but to be productive and efficient. In order to achieve that, we/you need to take a look inside–inside your business that is! Evaluating efficiencies against waste ought to show up like mud on a white wall.
If you do a walkthrough of your company and take notes on your tablet (maybe a few photos as well), it won’t be long before the state of the company’s productivity become apparent. Where do you start?
The first important steps to productivity evaluation. You can start by:
Evaluating the condition of your equipment. Is it efficient, providing the results you need?
Are there bottlenecks that need to be removed?
Can you use current equipment that’s under par in some other area where the need is not as high?
Do your people need some training to be better at their tasks?
Where and how can you apply technology?
What operations can you eliminate that are unprofitable?
Look carefully at your various processes for correction.
Review set up times.
There’s a good solid start to build upon. Don’t make the typical mistake of trying to change it all in one fell swoop. That’s a natural tendency for self starters. Instead, pick the most troublesome area and focus on it. Sometimes it turns out to be like a domino effect, fix one thing and another might fall in line. Obviously your decisions would appropriately align with the current and future needs of your business.
As always, I am available to talk with you about productivity since it is the lifeblood of our business. Feel free to contact me. We all benefit by continuous improvement.