Are you facing challenges in running your manufacturing unit efficiently?After running and scaling manufacturing units for over 18 years, i have listed 5 common mistakes manufacturers make because of which they not only fail to scale their business but end up in debt.Firstly they have poor quality control which leads to high rejection rates and also inconsistency in quality thereby having an impact on brand name and creditability.Secondly their processes and systems are not defined which leads to wastage of resources, inconsistency in productivity and miscommunication between management and managers.Third mistake is Lack of training of employees which impacts the next level of 2nd line of leaders and therefore the management and owners end up firefighting in several departments of the business.Forth mistake is poor communication throughout the organization, mostly on verbal basis and this ends up with misunderstandings within the organizations and end up losing key talent as a result.Fifth mistake is poor inventory management which is the heart of the operations as it feeds the production. Most of the cases are shortfall of inventory or excess inventory which end up in losses for the organization.To build a cash rich manufacturing business, book a strategic call with me so that i can help you build a business which will grow by 100% and reduce your involvement by more than 80%.
