4 Crucial Factors to Running Your Shop as a High-Efficiency Business

1. Reducing Scrap During Production

Which one are you?

Inefficient Business

The United States currently has a worldwide tariff against imported metals. This has caused nearly half of manufacturing companies to cite ‘increased raw material cost’ as the biggest challenge they’re currently facing. The most pain is caused when expensive metals are used for tooling and fixtures that are necessary for manufacturing, but aren’t a sell-able product. Slow-moving companies have to pass on the added cost to their customers, or suffer reduced margins.

High-Efficiency Business

A fast-adapting company can see the effects of policy change, and the threat to profitability that it poses. Last year when tariffs began, they started investigating ways to reduce their metal consumption and identified fixtures and tooling as an easy area to start to use less. High performance 3D printing materials became an obvious solution because they are able to withstand daily use on the shop floor, with the added benefit of not interrupting production machinery.

2. Eliminate the downstream effects of poor communication

Which one are you?

Inefficient Business

Is your Technical Writer continually bothering the engineering team in order to get different screenshots out of SOLIDWORKS? Or is your SOLIDWORKS model slowing down from all the configurations/display states used for the documentation? Or, is manually capturing pictures too time-consuming and pushing back deadlines? There is a good chance you said “Yes” to at least one of those questions. These are all examples of problems associated with doing it manually. We haven’t even discussed revisions yet. When a revision occurs you have to completely begin the process of capturing images again. SOLIDWORKS Composer completely eliminates all of these issues while increasing the capabilities.

High-Efficiency Business

Efficient companies allow the Technical Writers to have access to the CAD data for their documentation. The writers manipulate the 3D models in order to get the exact image that accurately describes the specific instruction. When a revision occurs they can update the documentation with the latest CAD models and implement any technical changes to the documentation. This process allows for greater quality of the documentation while increasing the efficiency of the entire process. Some companies are even providing animations or interactive content to the assembly team or end-use customers for increased clarification.

3. High Performing Companies Have Comprehensive Training Programs

Which company are you?

Companies without Comprehensive Training Programs

Companies without comprehensive training see 40% of their new employees leave within the first year! These companies have to dedicate human resources to bring new hires up to speed, while still completing their daily tasks. Under-performing companies with a seasonal workforce are forced to give up days of production in order to train larger teams of people. These companies don’t see the 24% higher profit margins seen by their competitors who invest in high quality training. 

Companies with Comprehensive Training Programs

High performing companies with comprehensive training programs see an average of a 218% higher income per employee than those without formalized training. High performing companies have adapted new digital solutions that do not require the age old “buddy system” and can handle the burdens of seasonal hiring. These companies ensure that all new employees get the same great training experience and don’t sacrifice resources to do so.

4. Top-Performing Companies Design Products in Parallel Across Departments

Which company are you?

Companies without Departmental Collaboration

Companies that are unable to collaborate will continue to see an increase in errors and impacted delivery times. A study showed that 97% of corporate executives and employees believe that a lack of alignment and collaboration within a team directly impacts the outcome of a project. Of those, 86% cite this lack of collaboration leading to workplace failures. 

Companies with Departmental Collaboration

Effective companies are able to design products in parallel across departments to deliver more accurate products, at a faster rate. According to a recent report from the Aberdeen Group, the top-performing companies in product development have a 25% decrease in product time-to-market compared to average performers, 18% higher annual product revenue and 21% lower product development costs. 

That's It. These steps are the key factors that give manufacturers the advantage on their competition. Scroll down to watch our free video if you would like more insight on strategies of successful Industrial Equipment manufacturers.

Watch the 23 minute webinar "3D Printing Solves Manufacturing's 3 Biggest Challenges"

Watch the 23 minute webinar "3D Printing Solves Manufacturing's 3 Biggest Challenges"

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