In times of financial uncertainty, it pays for manufacturers to be as economical as possible. Nobody wants their factory or workshop to haemorrhage money needlessly. That’s why we’ve put together some useful tips to ensure that manufacturers are operating efficiently, and saving on costs where possible - while maintaining your current headcount!
Conduct a thorough assessment
It’s best to be methodical in your approach to making your workplace more efficient. Start by conducting a thorough review of costs. This could include processes, and the number of worker hours spent doing them.
Make an exhaustive list, and quantify each cost in terms of return of investment. This way you’ll be able to better prioritise which expenses should be cut, as opposed to which are ultimately driving business.
Listen to your staff
Before making any big cost-cutting changes, it’s worth canvassing the opinion of the relevant staff. They may be uniquely placed to point out why a cost or process is worthwhile for the business. Conversely, they may be able to identify costs or processes which are no longer necessary.
If you’ve been using the same suppliers for years, maybe it’s time for a shake-up. Shop around to see what the best prices you can get are, or see if your supplier will give you a better price for buying in bulk. You may even be able to negotiate a better price simply for your continued custom.
Likewise, just as price comparison is popular in households, you can compare bills for commercial energy supply, for instance.
And while we’re on the subject of energy...
Install smart systems to save on energy
Technology within buildings is becoming increasingly smart. Installing an integrated management system for your workplace could potentially slash your bills in half.
Such an automated system could monitor the building’s heating and lighting, and make sure you’re not wasting energy in areas where it’s not required. You can even integrate your security system, so that all the controls are in the same place. You may also get a discount for getting multiple services from the same provider.
Automate repetitive processes
Automation doesn’t have to be a dirty word. Although many fear that robots will put them out of work, in practice automating certain processes can make life better for everyone. Technology is constantly evolving to manage the type of repetitive, monotonous tasks that we all hate doing. Taking advantage of this potentially frees up staff to work on more useful tasks, meaning you’re spending your money more efficiently.
Sell your scrap
Manufacture invariably leads to excess materials. But you might be missing a trick by sending them to landfill. Look into whether vendors will pay you to take excess materials such as metal and electronics off your hands, and you can potentially recoup some cash.
Buy quality equipment
The adage goes that you get what you pay for. Although the initial outlay may be higher, ultimately it makes more financial sense to invest in good-quality, durable equipment that’s going to last. For instance, the handling equipment we produce at BlueTrolleyis made to the highest standard, and built to last.
Another advantage of buying top-of-the-range handling equipment is that workplace injuries are likely to be minimised. To find out more, read about the importance of correct manual handling.
BlueTrolley has a proven track record in supplying durable, labour-saving handling equipment for factories and warehouses. Feel free to check out our range of trolleys and other handling equipment. If you can’t find what you’re looking for, send us an email or give us a call. Our team will be more than happy to help.