If your business doesn’t have a proper maintenance management strategy in place, it’s going to cost a fortune, turn customers over to competitors, and damage your company’s image. Maintaining equipment regularly will cost money, but it will be much less expensive. To help your business start saving money and time today, we’ve put together this short guide to reducing maintenance and repair costs. Prevent Breakdowns You guessed it – the best way to reduce the cost of repairs is to avoid them in the first place. To do this, you will need to carry out regular maintenance and checks. You can implement a solid maintenance strategy by using a CMMS, which tracks all tasks and provides a range of other functions. Alternatively, you can integrate an IMMP (Intelligent Maintenance Management Platform), which can schedule, review, and track all tech operations. When equipment gets too old, it will likely break down regardless of your maintenance schedule. For example, an old forklift may face cooling problems, faulty wiring, running rough, and several other hazardous malfunctions. If this happens, you should get in touch with a professional forklift repair service, which may be able to rejuvenate it. Train Your Workforce If you’ve got a team of mechanics on site, that’s fantastic. However, the best way to ensure proper ongoing maintenance is carried out is to train your entire team. If everyone knows how to spot signs of failure, there’s less chance of malfunctions going unnoticed. Naturally, you will need to invest money and time in training, but it will cost less than regular repairs and unnecessary maintenance. Track Inventory When equipment is out for repairs, it has the potential to delay operations, which damages your bottom line. If repairs are taking too long, the chances are you need to improve your inventory management. By checking inventory regularly, you’ll know which parts need ordering. As well as speeding up repairs, you will likely receive a discount for ordering parts in bulk. Extend Insurance and Warranty When you operate expensive insurance, you need to know that the manufacturer will cover any faults that weren’t caused by your team. To do this, you can check warranties and extend them if need be. Additionally, you should consider having insurance, which will help alleviate the financial burden of breakdowns. Choose The Right Equipment You’ve likely heard the saying “You get what you pay for!” – the same is true for business equipment. If you choose to cut corners and source machinery from questionable dealers, you’ve got no one to blame when it malfunctions early and costs a fortune to replace. The best practice is to buy from reputable brands in the first place. Conclusion All businesses rely on equipment, whether it’s heavy machinery, computers, or smartphones. When equipment fails, it’s costly to repair or replace. To avoid these costs, proper maintenance management needs implementing. To help get off on the right foot, observe the methods above and watch your repair and maintenance outgoings...

The dairy industry is facing many problems, now more than ever. For example, supply issues, climate change, and fluctuating consumer demand are all playing a part. Many of these challenges are outside of the scope of what the manufacturer and/or farmer can alter. That said, there is still leeway to bring about improvements and keep your business on track. We look at some of the recent obstacles and provide suggestions on how to handle them. Sustainability With the focus on sustainability, all producers are in the spotlight and expected to use scarce power and water responsibly. The hype also touches on the well-being of dairy animals, farming and production methods, as well as the type of packaging being used. All resources must be ethically sourced. Waste and carbon footprint must show a marked decline and how waste is dealt with is also important. Processes need to be scrutinized and adapted if necessary. Customers are turning to producers who take sustainability seriously and rejecting those who are not falling in line. Managing Product Variety Many manufacturers are producing more than one product. Then, it becomes essential to determine how to handle multiple lines for efficiency without contamination. Adverse consumer responses to just one product can affect the whole business. Quality and Safety Quality and safety are the buzzwords manufacturers need to pay attention to. You just cannot afford to make mistakes as this will impact your entire business. Choosing equipment designed for hygiene in the manufacturing process can keep your company in the green. For example, a slurry circulating pump that meets the hygiene requirements of the dairy industry is essential. Fluctuating Demand and Supply Chain Disruptions Little can be done to combat the rise in consumers insisting on vegetarian products instead of meat and dairy. Demand within the dairy industry is being reduced, causing competition among manufacturers and it is becoming harder to stand out unless you have great products that tick all the boxes and no negative feedback. At the same time, the Covid pandemic has caused major disruptions to the supply chain. What can dairy manufacturers do to sustain their businesses? Here are some moderating factors worth considering. Equipment Use equipment that is designed to deal with the challenges inherent in processing dairy products. These should ensure 100% hygiene (see above), and they must be accurate and quick to use. Get advice from expert suppliers if you are unsure of the optimal products for your operations. Manufacturing dairy requires optimal temperatures and, again, the right equipment for that is essential. With many delicate processes required to produce a perfect, safe, and hygienic product, processes and equipment must work correctly together. Use the right tools for the job, as the saying goes. This will also reduce wastage and by-products that must be disposed of correctly. Agility When you are producing a multitude of separate products at one plant, you need to pay careful attention to each line. This will ensure consistent productivity. It also means determining the perfect equipment solution and/or integration for each step and ensuring that there is no cross-contamination. Eco-Friendly Manufacturing Audit every aspect of your production lines and processes to reduce waste. This includes superior products and minimal wastage on poor quality produce that has to be thrown out. Only do business with sustainable-minded partners. Use equipment with lower energy consumption. Speedier processes will also reduce the use of power. Use eco-friendly packaging. While some obstacles are beyond your power to overcome, following this guide will maximize your overall performance and produce some...

Manufacturing managers have a lot of responsibilities. The flow of production runs through them, and their decision-making skills can have tangible consequences on the balance sheet of a business. With these three skills mastered, any manufacturing manager can become the engine that powers a successful business. Supply Chain Management This is one of the most important skills a manufacturing manager needs. No matter what sector of the manufacturing industry you work in, the manufacturing team is a part of a supply chain. Materials come in, and products go out. You need to be able to handle the logistical challenges that come with managing the constant flow of both raw materials and the finished product. The speed of this flow governs the capacity and potential of the business. The more you can do in less time, the more capacity and potential for profit your manufacturing process has. Product Development and Knowledge Not only do you need to know a lot about the products you are manufacturing, but you also need to have a knowledge of products, production processes, market demands, and methods of product development. Your position as a manufacturing manager puts you in a unique position to understand how a product is manufactured, and why. You can use your experience to inform both design and marketing processes to help develop better products that give more value to customers while being simpler to produce. At this level of management, you need to have a wider view of the business to make better decisions and better products. You can learn more about product development with ICAgile certifications in Product Ownership, get certification in your existing skills, and become a recognized expert in your field. This can be very beneficial to your resume, and your role in your workplace. Leadership and Team Building When people think of the manufacturing process, they often think of large machines that build a product piece by piece on a long, automated line that weaves its way through a warehouse. The truth is that a manufacturing process is only ever as good as the people that operate it. You can have highly efficient machinery, and automate nearly all of its processes, but without the right operation, they are useless metal. Manufacturing managers need to be able to both hire and inspire. You will be involved in the hiring process and must be able to spot signs of a good worker who will fit in with the team. You need to inspire the team daily too. The work on a production line, and all across the manufacturing process, can become monotonous, much more than the average job. It has huge benefits though and can be a lot of fun. If you work hard at keeping your workers enthused and involved, you will be able to grow both as a manager and as a business. These skills will all help you to develop as a manufacturing manager and be successful at it. You need to carefully balance the management of man and machine so that they can work in harmony together. Become an expert in your field by honing these skills and using them to push up your production...

Managing a construction business is no easy task. The sector is capital intensive and demands consistent financing to maintain a steady supply of construction materials and keep operations going. A huge part of becoming a successful construction business owner depends on efficient management. If you’re looking to break into the industry or you’re a current manager after some guidance, these below tips will help you effectively manage a construction business. Use the Right Tools and Products Construction tools and products evolve with the industry. As a construction business owner, you need to be equipped with current tools and resources fueling the industry, leveraging them for effective outputs. Investing in construction tools can be a dicey situation and purchasing isn’t always the best way to invest in tools. You can purchase drills, hammers, trowels, and other essential tools for your site workers. However, heavy-duty equipment like excavators and backhoe loaders can be rented rather than bought. Buying ties you to storage and maintenance costs which might be financially draining. Both options, however, have their pros and cons. Therefore, assessing them before making your investment decision can never go amiss. For construction supplies, it’s important to deal with the right retail partners. They can afford you comfortable payment and usage terms for all materials, including those needed for modular building products. Make Safety a Priority The construction industry is a hotspot for work-related accidents. The U.S. Occupational Safety and Health Administration says that fall hazards are the leading cause of accident injuries on construction sites nationwide. The U.S. Bureau of Labor Statistics also revealed that over 150,000 fall accidents occur yearly. As a business, these accidents can dampen employees’ morale and cost your business a lot of medical, severance, and relief expenses. In critical conditions, an accident on your site can cost you your operating license and affect your operational relationships with partners and financiers. Therefore, it’s crucial to prioritize safety on your construction site. Ensure all workers have their safety apparel on before visiting the worksite. Maintain ladders and operational tools to avoid failure while on the job. Developing a periodic program to sensitize employees on the best safety practices can also help a great deal. Leverage Data and Technology The construction industry is no exception to the continuous transformation of how we work through technology. Modern construction tools have become smarter, demanding site workers to be more tech-savvy. Many construction businesses have also grown more resilient by using data to mitigate risks and manage predictability. They deploy big data systems like Artificial Intelligence (AI) and Machine learning (ML) to harness effective insights even before the project stages. These systems help model structures and determine structural defects at the project blueprinting stage. Tech systems also help contractors reduce uncertainties like the impact of changing weather conditions on construction progress. Avoid Wasteful Preparations Research shows that 98 percent of megaprojects suffer cost overruns, and about 77 percent do not meet their construction deadlines. Wasteful operations are a travesty of efficiency. So, construction managers need strict levels of accountability to manage waste, from materials to financing. Increase Your Cash Flow Construction employees typically receive payments on a bi-weekly basis, so you’ll need more money to manage running costs and fuel the progress of your construction business. Spreading out your costs, early invoice communication, and avoiding underbilling are a few best practices to help you increase your cash flow. All in all, the construction industry is booming and new companies have a significant potential to attain profitability – the industry has a current valuation beyond a trillion dollars. Getting a piece of this cake requires a lot of discipline and consistent efforts, and...

Supply chain management (SCM) is the broad range of activities needed to plan, control and execute a product’s flow, from procuring raw materials and production through distribution to the final customer, in the most streamlined and cost-effective way possible. Ensuring all supply chain components are running as smooth as possible helps businesses to provide on-time delivery of products and services, with changing consumer demands and supply chain disruptions brought about by the recent pandemic. This blog post’s focus is to throw some light on “How IoT aka Internet of Things is bringing about a big impact” in the future of supply chain activities. Let’s first understand the 7 Principles of SCM Adapt supply chain based on service needs of every customer segmentCustomize logistics network for each customer segmentAlign demand planning across the supply chainDifferentiate product closer to customer’Outsource strategicallyDevelop information technology that support multi-level decision makingAdopt both service and finance metrics Now let’s look at the Impact of IoT in the future of supply chain. Asset Tracking One of the top and fundamental function of IoT in supply chain is asset tracking. Locating containers, objects and personnel is considered way important among the organizations Through RFID and GPS sensors, real-time location of a product, truck or shipping container can be known by logistics operators. Fleet Management Fleet management is another area to improve the efficiency of logistics operations. Through IoT it is now possible to connect all fleets to each other, which allows the fleet dispatchers to collect breadth of data from their fleet operations. Data included are: 1. Weather conditions 2. Traffic situations 3. Driving pattern and 4. Average speed When thoroughly analysed, this data can help logistics operators to find more efficient routes, manage driver head counts, save on fuel cost and optimize their fleet reliability, availability and efficiency. Tracking and Monitoring Inventory Levels in Real Time IoT sensors play a great role in tracking and monitoring inventory levels in real time. Amazon is now using Wi-Fi robots to scan product codes present on the products to keep track of their inventory levels. Bluetooth tags and beacons offer tracking data in more confined areas- many retail stores are using these tracking technology software to monitor customer traffic and provide marketing messages to their customers. Vendor Management By asset tracking., organizations tend to come out with high quality output, which in turn improves their relationship with the vendors. A recent survey states that up to 65% of the value a company’s product /service is derived from its suppliers. Predictive Maintenance Being an asset intensive process, right from production machinery to warehouse equipment and delivery vehicles, these assets need to be continuously monitored to ensure their functional efficiency. Smart sensors help the logistics operators gauge if a particular asset needs to be serviced ahead of time. This reduces considerable asset down time and asset failure, thus saving cost including maintenance...