Starting a Manufacturing Business

What type of manufacturing supply business do you plan to start?

You have what it takes to lead this type of company, and you need your ducks in a row. This is a big business venture, and there is a lot of ground to cover. Let’s take a look at some of the bases you need to cover as you prepare your business to take flight.

Startup businesses need to take note of any manufacturing product issues from the very beginning. Have you identified any issues that could cause you problems in relation to safety, quality and/or cost efficiency?

What about waste? You’re also going to want to make sure that you have protected the rights to your manufactured products.

manufacturer and supplier

As for the industrial industrial manufacturing┬ácompany itself, have you planned out all your logistics? Have you purchased all of your production inputs? What are the production costs going to be for your products? What’s your bottom line? You are also going to have to determine pricing, and you’re going to have to know your market.

Speaking of knowing your market, what marketing plans do you have? Marketing is going to be a huge part of your business making sales quotas, and you’re going to need a team of people behind you. All of what has been discussed so far is a lot on your plate. If that were all, it would be enough, but there’s more.

Are you going to be securing financing to get your manufacturing startup off the ground? Have you taken a look at your tax situation? What tax breaks are going to be available to you? Do you see any tax issues that you need to sort out before you get started? Taxes must be a focus for your business, and of course, you can be working hand in hand with an accountant.

You’re also going to need legal help in terms of limiting liability. You want to protect your assets and have all safety and legal measures in place, both for customers and employees. Taking the time to sort out the red tape in this area of your business is one of the most important steps.

There are other finer points to think about, too. For example, you need to consider the life cycle of the products you manufacture. What warranties are you going to provide. You will get into the nitty gritty details. For now, address the broader points mentioned above, as it’s time to get your manufacturing and supply business going in full swing.

Buying Adhesive Tape & Consumables

In the current economic climate it is not uncommon for companies to struggle with cashflow. If that is the situation that you are in, then you have probably given some consideration to ways that you could save money, and one particular option that doesn’t get enough attention is bulk buying.

Even things such as bulk buying adhesive tape could save your company a lot of money if you go through a lot of it – cutting the price down from several pounds for a large roll to a pound or less.

Bulk buying is a tricky one for small companies that don’t have a lot of money to tie up, because it means that they have to spend some of their surplus now, to save money later. It is invaluable, though, and it can result in some huge potential savings of you are able to get started with it.

supply chain efficiency

Take a look at what wholesalers have on offer in your area. Don’t just look at bulk buying adhesive tape. Think about the other hidden costs that you have to deal with in your business.

Soap, paper towels and toilet paper are common expenses for business that have an office or a store premises. Toner, printer cartridges, printer refills, and even things like disposable masks in the construction industry can, again, mount up fast.

Putting some funds aside so that you can buy several month’s worth of those consumables at a discounted rate could result in some significant cost savings over the course of the financial year.

To get the best deals, you will need an account with a consumables wholesaler. Some of these are trade only and you will need to prove that you are a business owner to be able to get started with them. This may require you to submit proof of your legal status (e.g. if you are running a limited company), or just to send them business cards and letterhead, etc.

This is simply to ensure that they are dealing with real companies that will put in significant orders, rather than being inundated with requests for smaller orders from consumers, that would be too time consuming and have too small margins for them to be worth their while.

Bulk buying is a great step for saving money for your business, and it could help you get on the way towards significant expansion, and future sustainability for your company.

Tips On Streamlining Your Manufacturing Supply Chain

If you have a manufacturing plant, and you would like to improve the production levels of your supply chain, there are many things that you can do for you as an adhesive tape manufacturer. A supply chain can be very complex, depending upon the products that are being made.

In fact, for a single product, you could have a multitude of different companies providing information, supplies, and services along the way. If you would like to streamline your manufacturing supply chain, these simple recommendations will make it easy for you to achieve a higher level of production in a short period of time.

supply chain

What Is A Supply Chain?

A supply chain in the manufacturing industry is representative of many different aspects. This includes the resources that you will use in making your products, information that you need to put everything together, and the people, machines and activities that are necessary to bring everything together into a marketable product.

A shorter version is that it represents individuals and businesses that can take raw materials and create completed merchandise. In order to increase your production levels, there are certain changes that you can make in your supply chain that will improve overall productivity for your company.

Review And Augment Your Supply Chain

There is a saying that a chain is only as strong as its weakest link. If you have one or two parts of this supply chain that are lagging in production, or if you have a supplier of raw materials that is causing delays, you can make positive changes by switching these components out.

This review allows you to streamline all of the processes, allowing you to take surgical action and quickly modify what needs to be improved upon. However, an easier way to make your supply chain more efficient is to take a closer look at all of the data.

Examine The Data For Your Company

Within your supply chain, as different activities are occurring, there is going to be an outflow of money. Whether you are looking at duplicate data such as the number of hours worked, or incorrect sales forecasts, these problems can cause massive difficulties. You may have inaccurate information coming from resource management, or the resource planning division. By looking at all of this from a bird’s eye perspective, you can see where assumptions made by these departments are not reflective of the actual demand for products.

Utilise In-House Systems

One other thing that can be done is to consider all of the resources that are at your company’s disposal. For example, you may have warehouses, manufacturing plants, and office buildings that you can use with your own personnel.

It is more common today than ever before to outsource virtually everything that pertains to the production of your products. By integrating existing systems into your supply chain, and removing businesses that you are outsourcing work to, you can cut your costs and have better control over the supply chain itself.

Industrial Manufacturing

The key to success when streamlining your manufacturing supply chain is streamlining. You need to make all of these processes work together like a well oiled machine. However, you need to take the time to assess the entire system, find weak points, and improve those as quickly as possible.

Whether you switch to different companies that you are outsourcing work to, or if you start to do some of this work in-house, there are always ways to increase production levels. At the very least, you will have a better idea of how your current supply chain works and you may come up with solutions along the way. These tips will allow any business owner to find their way toward higher levels of profitability by improving the productivity levels of their manufacturing supply chain.

Lean Manufacturing Principles

lean processesAll manufacturers constantly strive to optimise their production processes to improve quality and output and also to reduce their costs in order to increase profitability in their industrial manufacturing systems and processes.

One technique to achieve these results and one which is in wide use is a systematic approach to rid the operations of any waste during their ongoing processes.

This system of lean manufacturing includes guideline and procedures to optimise and improve production processes constantly. This concept was first developed in Japan as Kaizen which is a constant focus on always improving or getting better in whatever you do. It is a principle that can be adapted to any field of human activity.

In the lean manufacturing method of doing things, it is important to get things done correctly, the first time, with no defects. Problems are identified at the source and solution found or them, as they occur. Anything that does not add value to the item being manufactured is eliminated and all resources at the disposal of the operator are optimised.

The bar of excellence is constantly raised, and the process of improvement is constant and never stops.

lean manufacturing greenThe focus of lean manufacturing has to be on reducing costs while improving quality and productivity.

Operations need to be streamlined, and teamwork has to be focused through better sharing of information while targeting the improvement of the manufacturing process.

The customer demand has to determine activities and inventories, so that wait times are cut down and ultimately eliminated. The production processes in lean manufacturing have to constantly adapt, through flexibility and agility, without compromising on efficiency or quality.

These efforts and efficiencies have to be extended to the supply chain and other parts of the business so that interactions work, fit into each other, and are lasting.

Lean manufacturing allows manufacturers to have a recipe for success in today’s constantly changing technology world and enables a business to flourish and prosper in this environment of change.

It is understood in this type of manufacturing that any waste of time, energy, space, effort, money, and poor quality will all lead to an increase in manufacturing costs. To be lean it is essential that you need to be in the right place, doing the right things, in the right quantity, and with the right quality, while having the minimum of waste, by being constantly flexible and having an ability to adapt and change. Work has to be done quickly with the least effort and waste. There must be no unnecessary movement during operations.

manufacturing processThis method of manufacturing requires constant innovation to find ways to cut costs, without in any way compromising on quality or the requirements of the customer. Unnecessary steps in the manufacturing process must be trimmed or eliminated. Things that are extraneous must be cut out, and there must be a constant search for cheaper alternatives in all aspects of manufacturing, inventory, and customer satisfaction, without in any way compromising on quality.

Standardisation has to be a part of the process as it can help to reduce waste. There must be a constant look at reusing resources, reducing their quantity and recycling them, as part of the lean manufacturing process.