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Top 5 production improvement strategy for any Industry

Top 5 production improvement strategy for any Industry

If you are running a production factory or a plant, then these questions might confuse you! That how much it is required to produce? When there is a need to produce? And what are resources and assets are needed to be ordered, and when? And if you fail to answer and provide a solution to all of the above mentioned questions, you will soon lose the confidence of your buyer and lose a clien.t when you have the responsibility of too much supply on your shoulders it also comes with a lot of burden, but as a leader, it's your duty to determine what will work the best in your favor when it comes to production planning and scheduling.

Production Planning Strategies

Donai4-5.tripod says the following about production planning strategies,

Businesses operate according to a plan. An aggregation is a macro approach to planning, which concentrates on the overall capacity rather than individual products or services. Consider IBM, a company making many different products in many plants with thousands of employees. To prepare a plan involving every product and employee to satisfy market demand would be virtually impossible, and the attempt would be extremely costly. Even if the successful, necessary change would require much effort to keep the plan current. Therefore plans are made in an aggregate fashion. Aggregation means to bring a group of individual things together to make a whole.

Match Your Production With The Demand

One of the strategies is that you must match your production with demand. This is also termed as chasing strategy as you are facing a demand which is required by the market, and you are working in a way that your production is fulfilling that demand. It isn't leaving you with any leftover products. It saves millions of dollars and also saves time.

Keeping The Constant Production

Another product planning strategy is keeping constant production. In this particular strategy, it makes sure the production of the same number of units equally. It is a type of strategy is usually used in those type of industries where the demand is varying and follows a periodical cycle and has limited assets and capabilities.

Keeping The Shelves Full

Another product planning strategy is keeping the shelves full of retailers. Production is equal to the number of units required by the retailer. In this particular strategy, products are produced in a way that the shelves are filled out so customers can come and decide what is best for them.

Production Improvement Strategy

Some of the production improvement strategies are given below.

The first thing you need to do is to figure out a plan for you. One thing that can answer is that where you want to see your business in the upcoming 10 years and then divide it into smaller years. Like how you are seeing your business in 5 years? How are you saying your business in one year and how you are saying your business and 10 months? You need to set out a plan and direction for your business. Only if you do that will you be figure out what productivity improvements will fit in your plans and then you will figure out how you are going to implement this. One thing that can help you in this particular scenario is creating a light document. You need to prioritize your goals and write down your goals; then you need to write a plan for the execution.

The second thing you need to get done is to find out what the problems are and then go and search for it. After you have done the research, you need to consider solutions for them you must have seen a pattern which is confusing and is constant among several departments. One single solution has the capability of solving all the problems at once. If you keep a problem from getting it solved, you are actually multiplying that problem to 1000 problems. Remember if a problem only remains a problem if it gets solved by the time but as time passes, it gets magnified and multiplied. There are multiple domains that can help you to solve your problems. You need to figure out do you require training? Do you require a process? Outsourcing? Do you require economics or sales? Do you require capital? Human labor? Do you require strategic partnerships?

The next thing you need to do is to implement those solutions. When you have come out with the list of potential solutions, you need to find the best way of implementing it, and for implementing \ solutions, you need to look out your budget. You also need to consider the allocated services, and you need to figure out what can be implemented now and what can be implemented after a particular time has passed. You need to take in your stuff and take your staff in confidence before implementing a new process or a solution. In order to build a productive environment, you also need to consider some awards for the high performing members; when there is a competition among the members, the quality automatically increases.

After you have done with implementing solutions, you need to view it. You need to outlook your productivity improvement strategy. You need to analyze if you require a new system or you are ok with the currently running one. You need to ask for feedback from your team or you’re even your clients. You need to see if they are improvements are being made.

Production and inventory strategies are a great way of improvising your productivity line. But it’s up to you what kind of production and inventory strategies you need most. 

18th May 2020 Faiza Syed

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