6 ideas on how to make your manufacturing processes more profitable

Posted by Stephen Whitehouse on 22 Sep



Manufacturing is a process which requires a lot of testing and refinement in order for it to reach an optimum level of efficiency. Managers and business owners will recognise the time and effort that must continually be invested in order to keep striving for ways to do things better.

Luckily there are some tried and trusted techniques for improving operational efficiency in manufacturing. Here we look at six ideas for improving processes, and ultimately becoming more profitable:

Examine the overall impact of your purchasing

Sometimes buying in bulk can work out more economical. But have you stopped and thought whether this is applicable to your business? Purchasing decisions should always be linked to demand and business intelligence. Buying in bulk as a matter of course can lead to excessive stock which can have the effect of tying up capital and warehouse space.

Resource planning can be the key to a leaner business

Never underestimate the importance of resource planning and scheduling in making your company more cost efficient. Elements such as production control and real time labour monitoring can benefit hugely from Enterprise Resource Planning (ERP) software, helping hugely where estimating is concerned and giving you a firm grip on your job costing and translating into tangible improvements to the bottom line.

Organise your storage space

Have you thought about what stock items or components see the most traffic, and where it would be best to store them? As part of a lean manufacturing policy, you should place heavily used items as close as possible to the location in which they are being used, while items which are bulky and could get in the way of production, or see little use, should be left further away.

Shift your inventory as quickly as possible

There are only a few industries, take wine for example, where it pays to keep hold of inventory over an extended period of time. As a general rule, you should aim to move your finished products on as soon as possible, as it is unlikely that they will increase in value over time. Avoid storing excessive or discontinued stock as it will be just tying up capital and taking up space.  

Involve your team in the problem solving process

Smart manufacturing is all about finding the best solutions, and if you aim to involve your whole team in the structure which develops those solutions, you could encounter less resistance when it comes to implementation. Your front line production team are your eyes and ears when it comes to many of the most important processes, and it is up to you to utilise their experience for the benefit of the business.

Take time to analyse and assess 

Many of the ideas outlined above start with a period of examination to understand your manufacturing business better. Without having a close look at every element of your production process, and understanding your facility back to front, many of the opportunities that come with lean manufacturing can be lost.

To find out how WinMan ERP manufacturing software can help improve your processes contact us today. 
Learn How Integrated Lean Can  Make You More Profitable

Topics: Manufacturing

Sign up to our newsletter

The information contained in this website is for general information purposes only. The information is provided by WinMan and whilst we endeavour to keep the information up-to-date and correct, it is subject to change or withdrawal at any time. Personal details: When you request further information about WinMan, subscribe to our blog or leave a comment we collect personal details from you, including information such as your name and address. This information is needed in order to satisfy your request however the majority of this data we request is not compulsory and may be omitted if desired. For more information please see our full privacy and cookies policy.

Ready to go to the next stage? Schedule an overview with our ERP consultants to  discuss your current requirements.

Get in touch

Call today:

844 532 6377

Mon - Fri 8.30AM - 5.00PM

or submit an enquiry: