At Mainspring Solutions, we consistently harp on improving business processes to yield the greatest output with your given resources. As we have discussed previously, implementing lean operations or identifying/removing defective processes are both effective ways to help your business prosper; but, at the heart of this lies the concept of KPI's. KPI's (Key Performance Indicators) are company goals that are often derived from an organizational strategy, then measured through p
"The effectiveness of a production effort" | The age old question of how to get more out of the resources you have. This week, we take an in-depth look at the questions you have about productivity improvement and some tips & tech to help your company take its productiveness to the next level. It is a pretty vague question, isn't it? What exactly would it mean to be more productive and how would we measure it? To kick off this article, I'll cite a quick blog from The New York
Lean thinking is an increasingly embraced process improvement approach that aims to simplify methods and improve performance across various industries. Companies who are able to properly apply Lean principles to their practices can substantially increase productivity and reduce resource waste. Also by thinking Lean, you will have the tools and insights to remove any bottlenecks and impediments to efficient, effective logistics, resulting in reduced costs and improved service.
Overproduction may be the worst of all the deadly wastes in an operation because it hides and masks other operational issues that cause an operation to struggle. Each of these Symptons are an expense to the organization. To put it in perspective, "For every dollar in expense you waste you typically have to sell an additional $5 or more depending on your margin to recoup. For every dollar you save in expense....you get to keep the whole dollar." Here is one tip to quickly ide