Never has there been a more important time in our personal lives or business lives to get the most out of each of our resources. What exactly does that mean and how can that be accomplished? What are resources? How will I know when I have accomplished my goals?
Assess your skills and talents and those of your associates. Effectively exploit your strengths. In areas that you are weak, get the training necessary to strengthen that area or find someone with talent in that area and then exploit that new talent.
In our businesses and lives we have resources. Those resources include, but are not limited to our talents, time, raw materials, tools, and assets. In manufacturing, we receive raw materials; store them; process them; package them and then distribute them for sale. We apply energy and conditions to the raw materials to shape them into a new product. Not all of the energy or utilities applied make it into the finished product. Some is lost in the process. That is why your plant has a waste water stream or a cooling tower. Not all of the packaging makes it onto the finished product. If it did, then you would not need a trash dumpster or recycle bin. Not all of your associates’ time is used productively. Not all of the data and information collected every day is useful or used to manage your activities or to improve your process.
Establish Key Performance Indicators that truly allow you to “see” the health of your operation. Get automatically notified when items or conditions are out of compliance. Correct the root cause of the non-compliance issue.
Understand the cost per unit of output based on all of the inputs necessary to produce the item or work. Are you as profitable as you want to be? Have you effectively used all of your resources?
Let me help you maximize your potential. Let me help you control your costs and maximize your asset utilization.
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