Emily Clarke

Tips to Increase Your Factory Bottom Line

Running a factory can be a profitable way to support your local community and its economy. Even in today's digital labor market where autonomous technology has greatly increased productivity, factory managers still need to look for ways to preserve, support, and improve the bottom line.

If you're a factory manager and you've found that you're running out of ideas when it comes to improving productivity to support revenue growth, below are some tips to help you get more out of each workday:

Reduce Downtime

Downtime for both workers and machines can be a real problem in a factory setting. Downtime or time spent idle means lost productivity, and idle time can also lead to bottlenecks elsewhere in your factory. This, in turn, leads to even more downtime as you try to sort everything out.

Machine idle time reduction can often be achieved by utilizing software that monitors energy usage and automatically switches a machine's operating conditions. Likewise, you may look into utilizing your factory's machinery for other tasks while it is not being used to perform its primary duties. In the digital age, machine idle time reduction should be at the top of your list of priorities.

For employees, re-training or upskilling can provide workers with the ability to take on additional tasks when their primary duties are taken care of. This can make your workforce more productive and lead to improved revenue as you can take on more and larger projects.

Expand Your Capabilities With 3D Printing

Another way to improve your bottom line is to expand your factory's capabilities by taking advantage of 3D printing. Today's commercial 3D printers allow you to quickly introduce new design files for custom print work, meaning your factory could offer small runs on custom items without the need to re-tool your machinery.

Additionally, you could expand your product line by selling items online under an imprinted brand for the brands your factory already supports. This can generate new revenue, and it also has the potential to become a full-time business in and of itself.

Author Resource:-

Emily Clarke writes about machine monitoring & cloud-based softwares. You can find her thoughts at monitoring systems blog.