We have a very limited budget, especially with the economy currently in a decline, so where should my company spend our resources to get the most measurable improvement results?
The answer is different for every company, but we do recommend that you invest in eliminating the biggest bottleneck in your business. Take a look at your company: Where are your bottlenecks or constraints? Where are your workers spending overtime? Where are you falling short on throughput? You can pinpoint the problems through Lean Manufacturing tools such as Value Stream Mapping, or even just by looking for areas where your inventory is backed up. One of the advantages of constraints management is that it offers the opportunity for immediate payback simply by identifying where the most serious bottlenecks are and eliminating them. If you eliminate that constraint, you can get more throughput. And reducing inventory and work-in-process can give you more cash to manage other aspects of your business. Contact us now to learn more, or register for one of our Lean Manufacturing workshops.
