I’ve been following this discussion for a few weeks now: Top 10 Survival Tips For Manufacturers: What Are Yours?
If you are not a member of Manufacturing Executive community, you probably should be. Here is this great list from Guy Morgan, president of Performance Improvement LLC and managing director of business advisory consultants BBK
- Maintain your focus
- Reinvent your products regularly
- Enhance product and process design
- Manage your supply chain
- Rethink off-shoring
- Improve quality
- Diversify your customer base
- Embrace globalization
- Invest in your employees
- Facilitate total productive maintenance
And a Lean mentality naturally supports several of these points. I might change #8 to “embrace change” – as globalization is part of the changing world we live in. And I would add #11 – “measure the right metrics.”
What are your survival tips for manufacturers?