Discrete Manufacturer: Lost Money Trail Part 1: Problem Test

A simple test to determine your "readiness" for global competition. Answer "Yes", "No" or "Maybe" for the following:

Questionnaire Yes No Maybe 1. Inventory is Out of Control? Coordination of raw material, finished goods and consumables is minimal in your organization. 2. Weak Scheduling? Inefficient, uniformed scheduling –or no capacity planning – means poor use of machinery, materials and staff. 3. Ad-hoc Order processes? There is hardly any proper ordering and planning to order raw material before consumption. 4. No standard processes for Receivable Management? Have a non integrated system making it difficult for cash flow position of your company. 5. Manual Planning of production? Delays in production and customer complaints due to non delivery in time leading. 6. Inefficient subcontracting? No control and status of subcontracted activities leading to disastrous end products schedules. 7. Managing in the Dark? No business intelligence module to have an integrated system making management “feeling” instead of “seeing” the business. 8. Too much Scrapping and reworking? No planning procedure leading to higher costs and low product quality. 9. Double Double Entry Entry? Non integrated system making you do double entry in manufacturing, accounting and CRM with increased risk in data duplication. 10. Right Hand vs Left Hand? Only one person is capable enough to take the decision instead of the process and the system determining the action which reduces opportunity costs

If you even answered 1 as either YES or MAYBE, you are losing money BIG time ranging from 10-40% in profitability. You are also NOT ready for global competition which may not be here immediately but will eventually had made a lot of manufacturing shops to close down worldwide. Pull up your socks and save costs to make yourse