The reason that many manufacturing facilities fail to reach their maximum productivity level is their lack of understanding that productivity and safety are dependent on each other. Putting a risk management strategy in place and having appropriate manufacturing insurance will result in their keeping safety incidents to a minimum and having financial coverage when incidents do occur.
Creating an Effective Risk Management Strategy
Just as different manufacturing businesses operate differently, they also have a different approach to risk management. Those who have successfully implemented risk management into their operation to make it more productive and safe are likely to start by assessing the likelihood of diverse events for assets and operating procedures and then continue with assessing the impact of these adverse events. Next, they will rank the risk for adverse events in these areas and then create a closed loop process to mitigate the risk in each area. This basic structure incorporates identification, quantification and mitigation.
Backing up Your Strategy with Manufacturing Insurance
Nearly every manufacturer needs insurance regardless
Collect data regularly
As you put efforts to comprehend your manufacturing processes in depth, you become better positioned to enhance your production process. First and the most important thing is to understand manufacturing patterns through data. The number of production hours, efficiency of production machines, time to manufacture each item, output per hour, and productivity of employees are some of the variables that highlight the overall efficiency of a manufacturing plant. Successful manufacturers keep track of everything happening on their factory floors.
It is very important to locate points in your workflow where production gets backed up because production processes are not properly integrated. Integration of production processes plays a vital role in bringing about an efficient factory floor where everything is connected and works in harmony. So, identify and eliminate bottlenecks in order to develop a more streamlined and organized workflow.
Upgrade manufacturing systems
Old-fashioned, manual production processes cannot meet the growing market expectations. Customers demand high-quality products. It will be extremely difficult for a manufacturer to
Forums – Try searching forums where people are discussing their experiences in working with manufacturers. You might be able to generate some leads that way in finding a manufacturer to produce your product.
Make Sure You Start Small – One of the most important things to know before you start working with a manufacturer is that trust must be there, especially if you are working with a foreign manufacturer and are not protected by US laws. The best way to establish that in the beginning is to start small. First, start by requesting a sample. Maybe the manufacturer will require you to pay for the sample and maybe they won’t, but even if you lose that money, it won’t be anywhere near as devastating as losing thousands on products that were never received or that were defective. Start with small product orders until you have established trust with your manufacturer.
Post Your Job on a Manufacturers Platform – There are a few sites who offer a platform where you can post your job and receive bids or contact information of
Process Manufacturing techniques work on the simple concept of integrating all the tools, machines and resources to optimize the efficiency of the manufacturing processes. Automation is an integral aspect of process manufacturing with many applications built for specific purposes. ERP software is one application which ensures that process manufacturing is achieved by means of automation.
benefits of process manufacturing
- Reduces Inventory – Inventory is one of the reasons why production processes slow down. Process Manufacturing techniques like Lean Manufacturing employ different tools to ensure that the Inventory is reduced to a bare minimum. This ensures that the manufacturing processes work out of required materials for the manufacturing processes with unwanted materials not finding a place.
- Reduces Lead time – Process Manufacturing techniques also advocates smooth flow of information between different stages of the production cycle ensuring less probability of errors in subsequent stages of production and reduction in lead time. All this leads nicely for the manufacturing processes to achieve shorter production times.
- Shorter Production Cycles – Every manufacturing process aims to produce ‘x’ quantity of a product within a time constraint. A company’s capability to do this consistently holds it in good stead with its customers. A company can achieve
A stent is a mesh tube that is used to keep an artery open, or to provide support to tubular structures. Stents are widely used in the medical sector as they are used in cardiovascular treatments and during renal procedures. Stent manufacturing is a very complex technique that needs to be undertaken with the highest levels of precision. The material used in manufacturing stents is just as important as the manufacturing process itself.
Certain materials such as Nitinol, platinum and titanium alloys, stainless steel and gold are used in the manufacture of stents because they can be machined without introducing heat affected zones. These materials are medically-approved and thus are widely used by manufacturers of medical-use stents.
With the advancement of medical science, new solutions and treatments are increasingly being devised. While most of us associate stents with cardiovascular procedures, there are several other medical applications where stents play an indispensable role. They are increasingly used in birth control, kidney stone pain control, gastro intestinal uses, esophageal uses, and others.
If these stents are to prove efficient in their applications, they need to be manufactured using the highest degree of precision and the use of
The local manufacturers however in some what a stage where we have to deal with so many challenges like scarcity and high in raw material price, multiple tax mechanism of the government, labour problem and end up manufacturing high quality pumps for specific needs but can not compete with multinationals due to high manufacturing rate. The situation gets tougher when some small local manufacturers illegally produce and sell at cheaper price.
The ray of hope for the pump manufacturers is the foreign market as the current rate of export is 10% and it is increasing every day. To export pump have to make some changes in their policies like they need in depth market analysis for the specific demand calculation and they must make their pumps at per with the international quality along with its packaging.One of the most important factor in the export business is to appoint some expert and efficient distributors for your product and to participate in the international exhibitions with their product so that the buyer can assess your product and buy.
With the help of internet pump manufacturers can reach to the global market for research and technical upgrading.Indian government should
The market was ready for ‘electronic contract manufacturers’ that specialized in the design and manufacture of specific components that would then be sold to the OEM to be placed in the final product. Narrowing the focusing of a company to just one product or component, allowed them to offer economies of scale in the acquisition of raw materials, talent and expertise in the design process, and equipment for production. This cuts costs for the original manufacturer and frees up their capital.
With this new structure, manufacturing companies were able to produce a better product, more efficiently, and easily scale up or down to customer demand. In the design development process, usually the most complex and difficult part of the process, a contract manufacturer is more likely to accumulate a team of experienced engineers that will focus their expertise on the specific component. In the production process, they are more likely to keep up with the latest, high tech equipment and state-of-the-art technology.
Suppose there is a problem with one of the components. If the manufacturer is producing all the components in-house, it may take a while before it is found – and maybe even after it
United States businesses many times use foreign manufacturers because the cost of manufacturing a product in other countries is usually lower than the cost of manufacturing it in the US. Nevertheless, it is important to be aware of the additional costs of using a foreign manufacturer versus having the product produced domestically. Two additional costs of using an foreign manufacturer are shipping and bank fees. Shipping costs are obviously much higher when doing business with another country. As for bank fees, many foreign businesses will only accept payments via bank transfer. The fees for making bank transfers vary from bank to bank so look into what these will be ahead of time.
Imports from foreign countries to the United States are regulated by the U.S. Customs and Border Protection agency. The regulations administered by this agency are highly complex and detailed, and it is very important for anyone interested in dealing with a manufacturer in another country to determine exactly which regulations apply to the product or products being imported. Duties on imports are also additional costs of importing products.
Because most, if not all, of your correspondence with a foreign manufacturer is done from a
The manufactured home loan industry has undergone several changes over the past couple of years and the main change is that most all banks have discontinued their subprime manufactured home loan programs. Many still loan under Fannie Mae guidelines but these loans are capped at a maximum 65% loan to value. The problem with this is that many manufactured home owners purchased their properties a few years ago at much higher loan to values when the banks were much more flexible in their loan programs, so when a borrower tries to get cash out for debt consolidation today, they realize it’s almost impossible to find a lender who will go to 80-95% loan to value.
Manufactured homeowners with bad credit are having a tougher time finding mortgages for their homes and many are in adjustable rate mortgages that are starting to climb towards the sky. Leaving borrowers frustrated with very few options in finding a decent loan for their properties.
The truth is that there are still lenders, investors and mortgage brokers that specialize in the subprime financing of manufactured homes. Subprime, meaning borrowers with less than perfect credit to even terrible credit. Even A paper