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How to Maximize Earnings

Every business can improve production speed resulting in greater earnings.


These articles are organized to help business owners understand what needs to be done to grow earnings.

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  • The articles in the first section, provide insight into where to start improving your business, why it works, and what to do. 

    • Production Speed is Always the Answer

  • The articles in these sections help the business understand the scale needed and how to apply these tools:

    • Manufacturing Goals

    • Managing Daily Improvement and

    • Rapid Improvement Events​ 

  • The articles in these sections review reasons why business owner should avoid the easy solution rather than the certainty of Rapid Improvement Events and Managing Daily Improvement:

    • Common Manufacturing Failures

    • Common Manufacturing Mistakes 

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Production Speed is Always the Answer: Every project goal must be to increase production speed to grow earnings.

 

1.0    Are you Missing the Greatest Opportunity to Increase your Earnings?
1.1    Grow Earnings by Training the Operator to be Successful

1.2    Do your Continuous Improvement Projects Maximize your Earnings?
1.3    Fix the Process before Automating and you will Maximize Earnings

1.4    Maximize Earnings by Picking the Right Project
1.5    Single-Piece-Flow Maximizes Earnings

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Manufacturing Goals: Everyone in the business is connected to a common business goal. Individual goals support the business goal.


2.1    Does your Manufacturing Team have a Plan to Maximize Earnings?

  • Case study - The Project is Canceled you Exceeded the Cost Targets

2.2    The Operator’s Goal is to Grow Earnings
2.3    The Manufacturing Supervisor’s Goals
2.4    The Manufacturing Leader's Goals
2.5    The Manufacturing-Industrial Engineer’s Goals

2.6    Leadership Emerges from Problem-Solving

  • Case study - Making it Easier for the Operator to Win

2.7    The Business Goals

 

Managing Daily Improvement: (MDI) aligns and measures the entire organization. MDI supports the ongoing systematic improvement in manufacturing at the cell and plant level involving everyone in the business. Individuals look beyond local needs to improve the overall organization.


3.1    Manage Daily Improvement
3.2    Manage Daily Improvement Steps
3.3    Visual management, used to instantly recognize accomplishment

  • Case study - Getting People and Machines to Play Like an Orchestra    

3.4    Problem-Solving

3.5    Standardization

  • Case study - Changeovers: Speed and Quality can be Allies

3.6    Selecting the Correct Process

  • Case study - The Project is Canceled, you Missed the Cost Target

  • Case study - Winning back a big customer’s trust

3.7    Promoting the best leader

 

Rapid Improvement Event: The Rapid Improvement event focuses the team on the greatest problem for the business and will find the solution. The Rapid Improvement process utilizes every available process tool to maximize the production speed of the entire value stream to maximize earnings. 


4.1    Plan for a rapid improvement event
4.2    Picking the right team
4.3    Picking the right project
4.4    Rapid improvement event agenda
4.5    Rapid improvement event schedule
4.6    Making the physical changes
4.7    Implement managing daily improvement


Common Manufacturing Failures: Selecting any of these solutions will cause profitability to decline. Once the capital or expense is committed it is difficult to reverse course. 


5.1    Hiring additional operators is not a solution
5.2    Leadership has no system 
5.3    New equipment is not the answer

  • Case study - Putting False Hope in Superstar Machines

5.4    Bigger building does not mean better 

  • Case study - Newer and bigger mean nothing unless…

5.5    Never close lanes at rush hour

  • Case study - Doing the obvious is often wrong

5.6    Poor quality loses a customer’s trust

  • Case study - Where to check for the cause of the defects

  • Case study - Winning back a big customer’s trust

5.7    No goals, no commitment

  • Case study - The project is canceled, you missed the cost target

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Common Manufacturing Mistakes: Common mistakes are insidious because they destroy the employees' will. “We’ve tried that before, it doesn’t work.” Financially, earnings stagnate and make it difficult to try again.


6.1    Visual inspection vs eliminating the defects

  • Case Study- Where to check for the cause of the defects

6.2    Single-piece flow before automation
6.3    The best producer is not always the best leader
6.4    Grasping at any solution

  • Case Study- Fix the wrong process and earnings stagnate

6.5    The integrator selected must achieve the defined cycle time
6.6    Your knowledge of the possible is bogged in your experience
 

 

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