Increased manufacturing output calls for specialized inventory software
June 18, 2013
Manufacturers reportedly saw a slight increase in output for June after two months of declines, and companies can adjust to these changes with high-quality manufacturing inventory software. Though industries haven't seen a steady increase for the first half of 2013, officials say the U.S. is slowly but surely growing out of the recession. Changes in manufacturing procedures call for better organization and inventory legislation throughout the company so as to keep up with increasing demands successfully.
Positive outlooks, yet manufacturers need to be careful
The beginning of June saw improvement with consumer sentiment, the highest it has been in nearly six years, and wholesale prices rose in May, according to Reuters. Though the recent increase in manufacturing output is a step in the right direction for the economy, there are underlying factors, such as wavering consumer confidence and low production sales. High food and gasoline costs could affect the way spending and product demands fare in the near future.
Manufacturing companies can adapt to the unsteady economy by complying with inventory policies and having firm control over their goods in stock. Small mistakes and wasted products can have a significant impact on the business in terms of costs, reputation, shortages or shipping mistakes. Inventory management software is one way to avoid these potential issues and will help executives allocate specific tasks and responsibilities to workers.
Hiring problems call for better leadership
However, a recent survey by the Manufacturing Leadership Council showed that manufacturers are struggling to find qualified workers to get production jobs done. Effectively managing input and output of a factory is possible with the help of skilled employees. In order to complete the necessary tasks and ensure operations run smoothly, executives need to be able to hire the right staff. Approximately 80 percent of manufacturers reported that hiring skilled workers is currently problematic. The issue may continue for the next five to ten years, as well, according to the study. However, 14 percent of employees said their companies' training programs were effective in addressing their needs for skilled labor.
If manufacturers want to tackle the problems facing their organizations, they will need to employ more individuals who are trained to use inventory technology. Officials are optimistic about the future of the economy, though companies still need to do everything they can to grow and create a sustainable future that can take on higher demands successfully. Manufacturing leaders should recognize the needs of their organizations and take control over the procedures that will affect how the company fares far into the future.