THE TOP 3 CHALLENGES FOR MANUFACTURERS
Each of your businesses has its own uniqueness. And each has a great deal in common with other manufacturers in and out of your industry. In listening to manufacturing executives from a wide variety of sizes and industries, I keep hearing the same three challenges.
Almost without exception is finding and keeping good employees who are committed to learning. I hear about failed drug tests by candidates at all levels in the organization. I hear about reluctance to take courses outside individual comfort zones, which is a reflection of mental retirement.
Next, they all mention concern with the rate of technology advancements. Many still struggle with ERP systems. The majority are very comfortable with EDI and Barcodes, but less than half said they use RFID or other alternatives to increase transparency within their supply chain. Some are adding sensors and believe they are leading the IoT revolution, but even those have weak data management and business cases in place.
Lastly, the majority express concern over mounting uncertainty in geopolitical environments. Like Trump or hate him, no one likes uncertainty. Most manufacturers have an international aspect to their business and aren't sure what strategic changes to make, if any.
I share these with you so (a) you know you're not alone, (b) you know some may brag about world class when they're not, and (c) you gain clarity that recognizing what you can and cannot influence is important to long term success.
Maybe you should reconsider your drug policy. Maybe you should hire or outsource technology expertise to help you understand the pros and cons of significant advances. Those are both under your control. But tax laws or immigration policy or tariffs can change on a whim. They are not within your control. Be prepared to leverage changing conditions, but do not build your business relying on factors outside your control.
Oh yes. There is one more thing that every executive mentioned: improving customer-facing performance this year. That's a gimme.
Transforming Operations. Transforming Business.®
Let's discuss how Manufacturing Greatness can help you become a better manufacturing operations leader. Additionally, my latest book, Start Smart, Finish Strong: Forging Your Path to Operational Excellence and Long-Term Success in the Manufacturing World is available at Amazon, Kindle, and iBooks.
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