The solution
Managing hidden costs requires a holistic approach to business process, people and systems. Below are a few ways of managing these costs and achieve the visibility you desire.
Standard Operating Procedures (SOP) - Having SOPs in place is imperative for people on the production floor. SOPs need to be inline with your quality standards, in-sync with the processes defined within your ERP / business system and not cumbersome for people to follow. You need to define procedures to keep SOPs up to date.
Periodic process reviews - Reviewing the efficiency of your processes periodically will promote continuous improvement and streamline processes.
Mobile & Hand-held Devices - Industrial grade tablets and hand-held devices will allow you to capture / record data real-time. This will promote discipline within the operators on the floor.
Electronic Signatures - This will help promote accountability and adherence to quality within your workforce.
IoT - IoT is a new-age solution and instrumental in capturing real-time inputs from machines.
Modern ERP System - You need a fully integrated ERP and a quality management system that can flag a deviation in the process as it occurs.
Talk to our experts to learn more about costing & systems that help you with hidden costs.
