Good manufacturing practices are about cutting cost to increase profit. An even better manufacturing strategy is cutting costs in the right places.
Manufacturing Global said, "Producing quality goods is key for business growth and while this is known by many manufacturers, the tendency to prioritise production cost over quality is still occurring globally in the manufacturing industry, due to inflation and rising margin pressures across businesses."
Finding ways to increase your efficiency can help you save money so you don't need to cut quality. Cutting downtime with preventative machine maintenance can really make an impact!
Companies should consider several criteria when conducting the assessment, such as the product design, the supplier assessment of their suppliers, the purchasing requirements, process control (including production engineering, quality engineering, production and in-process quality), the final inspection, outgoing quality inspection and testing, quality (review quality and delivery performances, customer complaints and returns), and sales.Miele’s survey reported that 78% of British manufacturers believe quality is the key to delivering business growth, and nearly half of respondents rated product quality as more important that price.Read More
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