Increasing The Volume Of Your Production Capacity
It’s important to consider that when you take on clients, you’re filling up the bandwidth of your potential utility and output. This is true no matter what business you work in. A shop owner will only have so many products to sell in their store each day, before they have to wait for new or emergency orders. A graphic design company will only have a certain number of graphic designers on the payroll, and so will only be able to attend to a certain amount of brand campaigns a week.
This is obvious. But it’s also true that when you can, especially after a year of Covid, we have to make hay while the sun shines. This means doing as much as we can and satisfying as many clients as we can without degrading our well-being or the quality of the work we provide. That’s a tough line to track, but track it you must.
For this reason, it’s important to know where to get started. Using a few examples, we hope to help you come to those decisions more easily:
Proper Inventory Management
Simply having good storage solutions can be a great way to make sure you have excess stock ready to go should you need to sell it. This can also help you sell items in bulk, or simply allow for overflowing inventory to be stored properly so that its shelf life is retained for longer. Not only that, but proper inventory management can ensure the moment a customer orders or a client requests a certain product or service, you have the materials to make that so.
Booking Systems & Competent Organization
Removing any obstacles between a customer being able to competently order a booking and you being able to fulfill it is essential. For instance, you might index all of your inventory via your order form, allowing stock updates to be read in real time, meaning that customers simply cannot overbook or overburden your staff. Or, if they choose to, your predicted volume assessments can help them know exactly when you’ll be able to fulfill that order by. This way, you need not lose out on business that you know you can fulfill properly. The more revenue, the more profit, and the wider you can expand in future.
Excellent Production Capacity Investments
Of course, investing in your production capacity is essential. From implementing the best quick die change system for the benefit of your versatility, to purchasing automated printers or label applicators, to ensuring that the sorting capacities of finished products lead to easy storage, or, ultimately, investing in your job ordering and tagging systems can help you both plan, produce, store, sell and satisfy thanks to your strengthening process. Sometimes, this might also mean investing in more staff, investing in outsourced help, or simply purchasing more warehouse space in the industrial park for enhanced production capacities.
With this advice, we hope you can feel confident when increasing the volume of your production capacity.
Running a successful business can feel like walking on a tightrope while juggling multiple swords at once, both high adrenaline and exhausting. Success requires knowing when and what aspects of business require precision planning versus those you can leave to chance, whether that be startup superstardom or veteran CEOship.