Manufacturing Concepts
Eliminate Waste:
- Reduce Inventory
- Reduce set up time
- Reduce Machine down time
- Aim for zero defects
- Consider manufacturing cells
- Reduce transportation time
- Reduce motion
- Reduce waiting time.
Manage Inventory:
- 70% of the value is in 15% of the items
- Use an ABC classification based on usage-value to isolate inventory into manageable groups.
- Use Economic Order formula to balance the cost of possession against set-up or procurement costs to arrive at an optimal order quantity
Manage wages & salary
- Match wages & salaries using reliable survey figures
- Key them to reliable index for your region
- Check the formulas on an annual basis
- Perform a performance review on each employee at least once a year
Using Independent Sales Representatives
Don’t forget to treat them as part of your team. They need
- Advertising support
- Product and plant training.
- Sales management support.
- Current business news & information
Franz Schneider’s Manufacturing Network
This is a network of American companies with a wide variety of manufacturing skills and equipment who are ready and willing to cooperate with one another to develop and manufacture quality products in the United States of America. |
