How to Plan for Manufacturing Industries

Manufacturing

Manufacturing businesses typically import raw materials and convert them into products that are passed down the chain to later manufacture as parts or to wholesalers & retailers as fully finished products for sale to consumers. Learn how to plan for manufacturing industries.

Despite the huge range of products they manufacture, they all share a number of processes that 12Faces covers with helpful resources.  Yellow Belt

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Inventory

Much of the profitability of these businesses is determined by their management of Inventory; buying at the right price, stocking the right volumes and so on.

This article discusses inventory management.

Cost of Over and Under Stocking: looks at the cost to the business of running out of product and of having too much product.

Optimising & Streamlining

Profitability also depends on producing their products as sufficiently as possible to survive in a price-sensitive world.

C2.0 Optimise Your Business Enterprise in 100 Days (Optimise100)gives background information to the Optimise100 Campaign.

How to Manage Local Optima Problem: discusses the waste that can be introduced by having each production step produce as much as possible.

Theory of Constraints (TOC): points out that no production line can produce faster than its main bottleneck so that is a good place to start.
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