Chasing the bottom line
With prices falling across industrial markets and business costs on the rise, manufacturers around the world are having to restructure their businesses, market strategies, production and supply systems in order just to remain profitable, let alone
grow. Innovation is driven by bottom-line pressures. Most companies need to use methodologies such as Lean Manufacturing to reduce waste and Six Sigma to increase quality, in order to improve manufacturing productivity.
By implementing these programs, and other manufacturing process improvement techniques, companies bring products to market more quickly, ensure customer satisfaction and maintain their market share. Improving manufacturing productivity involves
measuring and analyzing data and making effective decisions based on real data. Ensuring the success of these operational excellence initiatives often depends on divisions working together to share data and interpret production data appropriately.