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Tips for increased ROI in manufacturing

Making a profit in manufacturing is something of a balancing act between finding the right suppliers and producing high quality goods while maintaining a good profit margin. For most companies it makes good fiscal sense to turn to the Far East for the manufacture of your product, but this can bring its own problems, which, when not managed properly, can actually end up costing more rather than reducing overheads. Here are a few tips for increased ROI in manufacturing that you might find useful.

Use video conferencing for face to face meetings
Many people still believe video conferencing involves jerky images and speech that is out of sync, but the latest video conferencing platforms offer high definition video that gives you crystal clear images. While it may still be necessary to travel to your manufacturing plant, suppliers etc. for some meetings, when you start using video conferencing you’ll soon find that much of your communication can be done quickly, easily and instantly, saving you both time and money.

Tips for increased ROI in manufacturingCollaborate remotely on projects
Another way to reduce your travel expenditure is to invest in technology to enable you and your colleagues to collaborate on projects wherever you are located. Tools like SMART Boards allow you to invite people to a virtual meeting room where you can share and collaborate on documents and files, view models and images and make notes that can be recorded and saved for future reference – all without leaving the office.

Use visualisers to explore components in detail
If you use a SMART Board for collaboration, you can add extra tools to expand its use. For example, a 3D visualiser is a type of camera that you can connect to a SMART Board to send 3D images in real-time to your colleagues, remotely. This is extremely useful when diagnosing faults in manufacturing as, instead of trying to describe the problem or sending photos, you can turn the object, zoom in and pick up tiny details, making problem solving much quicker and more cost effective.

For more tips for increased ROI in manufacturing fill in the form on the right to receive your free ebook on “How SMART Boards Enable Enhanced Communication & Collaboration” or call our experts on 0118 336 0010 to discuss how we can help you increase your ROI.

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