Productivity
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How Do You Recession-Proof Your Business?
- October 23, 2019
- Posted by: David Marshall
- Category: Business, Innovation, Productivity
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Trying to recession-proof your business is like hurricane-proofing your house. Now, we don’t get many (actually, any) hurricanes in Central Texas, but I’ve got friends in Florida who tell me all about it. They tell me the hurricane-prep is almost comical to watch: Five days before a major hurricane will make landfall, all the people
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Is Manufacturing Output Really Going Up?
- October 9, 2019
- Posted by: David Marshall
- Category: Business, Manufacturing, Productivity
There’s all kinds of talk that the manufacturing economy is heading for a recession, even as manufacturing output is on the rise. But you may be wondering how we even know this, especially as the rest of the economy seems to be doing so well, including having low unemployment in the U.S. When it comes
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Improving Productivity Reduces a Factory’s HR, Onboarding Costs
- August 14, 2019
- Posted by: David Marshall
- Category: Management, Productivity
Improving productivity throughout your operation, especially on the manufacturing floor, can have an amazing ripple effect throughout your entire organization. A few weeks ago, I wrote about how we were able to improve productivity by measuring our results on the floor and in our accounts receivable department. We were able to save a lot of
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Improving Productivity Ripples Throughout the Organization
- July 31, 2019
- Posted by: David Marshall
- Category: Measurement, Productivity
Last week, I wrote about how improving productivity can reduce the need for hiring new people (Increase Productivity to Reduce the Need for Hiring). So we devised a new way of strapping and stacking the conduit to avoid the problem, and that eliminated the recovery process because we had almost no imperfect pieces. By reducing
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Increase Productivity to Reduce the Need for Hiring
- July 24, 2019
- Posted by: David Marshall
- Category: Measurement, Productivity
Unemployment is low enough in this country right now that businesses (especially manufacturers) can’t find enough people to fill open slots. While you can always train your existing people to fill the new slots, you can come at the problem from another direction to increase productivity. This means you can produce more with fewer people
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Customer Confidence is Lost or Gained on Product Quality
- May 29, 2019
- Posted by: David Marshall
- Category: Business, Manufacturing, Productivity
A couple of weeks ago, I talked about how my old company changed an industry-standard method of production and acceptance of product quality by creating our own homegrown manufacturing process and instituting a policy of measuring every step of the process including cleanliness of the raw materials. Before that time, the standard reject rate was
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How We Helped the Oil & Gas Industry Save Millions
- November 14, 2018
- Posted by: David Marshall
- Category: Innovation, Productivity
When it comes to innovation, some companies look for problems to fix and then fix them. That doesn’t mean they create the problems. Rather, they look for a problem or a pain point that people might have and then figure out a way to solve it. Then they market that solution and hope the people
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The Secret to Managing Discipline in a Large Business Setting
- October 10, 2018
- Posted by: David Marshall
- Category: Manufacturing, Measurement, Productivity
Managing discipline in a large company starts with the hiring process. I’ve always believed in hiring slow and firing fast. But I also had a rule that nobody could be fired without my permission. What that meant was any issue that looked like it could end in termination would elevate to me so a manager
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How to Maintain the Right Inventory Levels
- August 15, 2018
- Posted by: David Marshall
- Category: Business, Management, Measurement, Productivity
A serious problem facing many manufacturers is tying up cash reserves by keeping too much inventory or too many raw materials on hand. Finished products don’t move as quickly as you thought, or you made more than you needed “just in case,” or you bought a lot of raw materials because you got a bigger
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How Can You Reduce Your Transaction Costs?
- July 18, 2018
- Posted by: David Marshall
- Category: Business, Manufacturing, Productivity
In the non-manufacturing world, a transaction is an easy process. When you buy a shirt, you give money to the store, and they give you a shirt. That’s a transaction. In the manufacturing world, a transaction is a more involved process. A customer sends a purchase order that orders 1,000 shirts (normally, economists like to