Let’s first ask ourselves, which variables have an impact on productivity?
Below is a list with a quick description of some variables that might impact productivity, if you consider productivity as basically producing as much as possible at the lowest possible cost while at the same time taking into account the fact that the quality of what you produce will also be a part of this equation.
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Cost of raw material Reducing costs will allow you to show a |
You want to make sure you use just enough labor to do the added value tasks and no more, as labor is expensive this can increase your costs unnecessarily. |
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Machine runtime This is the number of hours the machine producing your parts is running. |
Is extremely important for increasing productivity. There are many different methods to accomplish this, some of them will be discussed later in this eBook. |
Production layout You want to make sure your production |
There is no need to spend more on this than the absolute bare minimum, so you want to make sure you keep this low in order to improve your margin. |
Keep reading this blog for a deep dive on each of the six variables, or download the eBook: Optimizing the Productivity of Existing Equipment.