Manufacturers are under increasing pressure to move faster and eliminate non-value-added work, making them leaner, more competitive and safer. This article explains how better asset management can streamline manufacturing processes and help meet the increasing demands of the industry.
Reconfiguring manufacturing processes can be a challenging task for companies that offer fresh products with short lifecycle. These changes can take months or even years to plan, especially if traditional operations lack the flexibility to quickly reconfigure to new operations or technologies. It can also be difficult for manufacturers experiencing rapid growth or ones involved in the acquisition and integration of new product lines into an existing portfolio.\
There are five key steps plant and senior managers should take each time a new capacity or product is added.