Manufacturing in America
Manufacturing in the good old US is never easy but the good news is there are a few ways to ensure that it goes off without a hitch. This is why Jonathan Osler is here to talk about how best to ensure it goes well & how to survive while trying to get it all where it needs to go. So, the first thing to know is that focus is the key to success. The head honcho needs to make a choice & live with it regardless of how it turns out. In the past few years, we saw a lot of the manufacturers out there try to do it all at once & it came back to bite them later. So, it’s important to keep one’s eye on the ball & don’t let the recession get in the way. The next tip is to always reinvent products as often as one can. This is what will lead to the most growth as the customers begin to buy it one by one. As they found out, those who were not afraid to mix it up a bit had the most buys in the long run. Another thing to keep in mind is that productivity should always be one of the first things to focus on if one wants to do well in this type of business. This is why the product design team should be working with the manufacturing team as closely as they can in order to attain success. This will help cut down on production time as well as labor costs & many other things. One of the more crucial components is the supply chain. This will help them to keep an eye out for any risks that may be on the way & it will let them know if a supplier is on their way out. This way, they can save money when the time comes to replace them if need be. By considering the global cost footprint, it will make things easier on them in the long run. One of the things they will need to know if they are to succeed in this business is the difference between onshoring & offshoring. It also helps to improve the quality of the product being sold as this will ensure that people are more likely to buy it. If it comes out with a lot of defects, it will make people a lot less likely to trust that organization. Experts believe the current defect rate is up to 50 parts per millions & this is bad for business. So, they should have a plan to address this type of thing. It also helps to diversify the customer base as this ensures that they maximize their profits going forward. They need to embrace globalization, invest in their staff members & finally, facilitate their productive maintenance to ensure it is as high as can be. As long as they do that, Jonathan Osler says they will succeed.