Hacks To Help Your Manufacturing Business: Improve Performance

Running a manufacturing business is not easy, it takes a lot of planning and time to establish such a company, not to mention to grow it. Many businesses fail soon after being started, and for mistakes that could’ve been avoided! Improving performance, saving money and time is essential for such a business to blossom! So here are some hacks to help your manufacturing business get the right performance improvement it needs!

Look at the current workflow

Before you start changing things in your business, you need to observe the current state and see what works and what doesn’t so you know what to improve! This can be tricky, things might seem perfect on the surface, but there is always room for improvements – so you need to do a little hypothesising and imagine how things can be better. This is a solid and safe plan, as you can create multiple work plans before jumping into them – find the one that will work best! It’s all about making things easier and faster, so your business can grow without any setbacks! There is no need to rush into things, but going with the same business plan might not lead you to the success you’ve envisioned – so change might be necessary!

Hire the right people

Starting a company is like building a house, by building a solid foundation you can ensure the success of the whole construction. So hiring the right people is like building a solid foundation for your business. Skilled and hardworking people who are willing to evolve, can truly do a lot for your company, especially when it comes to manufacturing. Multiple branches and teams of employees come together to work and maintain the business, so hiring the right people for that is key! Every business should strive to gather the best people possible and to improve the overall performance by having them there, even hiring remote workers can do wonders for your performance so keep that in mind!

Train your employees

After you’ve hired a lot of skilled and well-equipped people, you need to train them well so that they can work their jobs properly. Manufacturing businesses rely on skill and expertise, most of the time employees will have to work with machinery so giving them the proper training is important! This is crucial if someone is coming with no prior background, they need to learn how to do the job, stay safe in the workplace, and just excel in their work! It can be pretty irresponsible and dangerous to not have your employees go through basic training, and it can cause your business to lack efficiency, which is definitely not good!

Use the right tools

Nowadays there are so many useful tools that can be used to improve the performance in a company, making things way easier and faster! In most cases, it has to do with modernising certain things due to technological advancements – why work hard, when you can let the machine do the hard work for you! Useful software can actually improve and transform the overall equipment efficiency by making things precise and easy to handle. Adding these kinds of improvements to your company is necessary, not only is it normal to follow technological advancements, but it’s also more efficient this way. Instead of working hard, the manufacturing business needs to work smart in order to reach success without a lot of energy and time lost!

Prioritise organisation

Manufacturing companies are usually large, so working with such large-scale businesses can be rather hectic. Time management, resources, labour, production – everything needs to work in order, if one suffers a setback everything else suffers as well. Focusing on a better organisation is always good, it automatically boosts the performance by making things run smoothly! It can be a bit tricky, and seem like a lot of work – but it’s crucial for your long-term goals and expectations. In order to reach success, you have to have a clear vision of how to get there in the first place! So prioritising organisation and having control over the workflow should be taken seriously!

Set goals

There is a reason why setting goals is so beneficial, you have something to look forward to and something to look at as a reference for your success. Short-term goals are just as important as big, long-term ones, this applies to many branches of the industry and they can boost the performance! It’s also important to have realistic expectations, it’s better to be steady and safe than to risk losing both money and time. Small-term goals are there to minimise these losses and to monitor where the business is going! It’s good to aim high and to be enthusiastic, but being realistic is what will bring you success in the long run!

Prevention is key

Why wait till you have a big problem at hand, while you can prevent it from happening in the first place. Maintenance is key if you want to preserve your manufacturing business and keep it successful – unfortunately, a lot of things can go wrong here so you need to be prepared! If you notice that a certain problem is brewing, don’t wait till it escalates out of control, but rather try to solve it right away! This can be both technical and financial. But it can also apply to your employees and teamwork as well, if there is an issue, never sweep it under the rug. This can help avoid any setbacks and financial problems along the way!

Continue evolving

Your job doesn’t stop once you’ve improved your company, there should always be a need for further evolving and growing as a business. New trends and ways of doing things will come, so staying up to date and adapting is really going to increase the performance in the long run!

At the end of the day, every business should focus on improving their performance, putting every branch in the spotlight – if one aspect of the industry is lacking, the rest will soon follow! So being able to build everything at the same time can do wonders for your industry – making sure that all aspects of the business are standing strong will surely help with reaching success faster!

Scottish manufacturing excellence and innovation recognised

Nominations are open for a national award to recognise excellence and innovation in Scotland’s manufacturing sector, the First Minister has announced.

The First Minister’s Award for Manufacturing Leadership celebrates competitive and innovative manufacturing companies who champion fair work and invest in the skills and wellbeing of their employees.

The winning company will receive:

  • a physical award designed by students on Skills Development Scotland’s Engineering: Design and Manufacture Graduate Apprenticeships programme
  • two places, together worth £2,500, on a delegation arranged by the Scottish Manufacturing Advisory Service (SMAS) of industry leaders visiting an overseas advanced manufacturing site
  • one year of free enterprise membership of Scotland House in London which gives access to meeting rooms, event spaces and exclusive networking events

The Scottish Government is supporting advancement in manufacturing including the £65 million National Manufacturing Institute Scotland, up to £14 million investment through the Advancing Manufacturing Challenge Fund, and the £39 million Glasgow City Regions City Deal project to develop the essential infrastructure needed for the Advanced Manufacturing Innovation District Scotland.

The First Minister said: “Scotland has a long and proud tradition in manufacturing, a highly productive and dynamic sector of our economy. We are also committed to inclusive growth that combines increased prosperity with greater equality, opportunity and fairness.

“A thriving manufacturing sector is crucial to Scotland’s economic future, so the Scottish Government wants to celebrate the companies who lead the way in their commitment to innovation and excellence whilst investing in the skills and wellbeing of their employees.

“I look forward to seeing the great work being done by our many exemplary manufacturing companies who go the extra mile to champion fair work and inclusivity.”

The winner will be announced at the Scottish Manufacturing Advisory Service’s National Manufacturing Conference on 26 May, 2020.

Malta: Your future-proof manufacturing base

Manufacturing has been a vital sector for Malta since the 1950s and is still one of the main pillars of the local economy to this day.

In recent years, Malta’s economy was among the strongest performers among EU member states, with an average growth rate of around 6%.

A myriad of companies nowadays use Malta to produce goods with a high added value, constantly innovating their processes and products.

The advanced manufacturing sector consequently covers a remarkably wide range of areas, including automotive and aviation components, plastics, precision engineering, medical devices, pharmaceuticals and medical cannabis, among many others.

Some of the leading global players have set up their own facility in Malta to take advantage of the business-friendly environment, competitive cost structures, and highly skilled workforce.

With its strategic location, Malta can serve as a hub to target nearby markets within the EU and MENA region.

English is one of the country’s two official languages. Besides reflecting the longstanding relation between Malta and the UK, this simplifies the provision of training, as well as investors’ interactions with other stakeholders and suppliers, access to legislation, and ease of communication with the authorities.

An efficient and transparent tax system is undoubtedly another important factor in attracting investors to Malta. This is further complemented by a wide range of assistance provided by Malta Enterprise, the government’s economic development agency.

All this provides that essential factor so important to any investor: stability. Indeed, it is this economic, political and social stability which has provided the bedrock for existing operations to flourish and serves as an attraction to a steady stream of new investors, not only within manufacturing.

Through a very competitive institutional and legislative framework, Malta has also effectively established itself as the leading distributed ledger technology jurisdiction and has already attracted a number of blockchain companies. This transformational technology has a tangible potential of revolutionising a number of niches including manufacturing.

The role of blockchain for Industry 4.0 and the Internet of Things (IoT) is considerable and some companies are already combining blockchain solutions with 3D printing and other processes to enable new manufacturing methods.

Malta Enterprise will ensure that any investor will get the best possible benefits out of a Malta operation.

For more information about Malta Enterprise, please visit: https://www.maltaenterprise.com/