There is a continuous fall in number of manufacturing industries due to lower profit margin or problem in operation. Here are some problems faced by manufacturing companies with their solutions:
• Organizations won’t able to find skilled labor:
· They need to train them for building required skills, and train employees to solve daily problems.
· Can’t keep track of all the regulations: Companies need to have Quality legal counsel.
· Problem with suppliers: Apply lean, six sigma or analytics to reduce waste cost and lead time.
· Competitive Advantage: Continuous Innovation and lean product development are the need of manufacturing industry.
To know more about these problems and their solution read an article link “Manufacturing: It’s Where and How, Not If” by Becky Morgan (President, Fulcrum ConsultingWorks Inc.): http://www.industryweek.com/strategic-planning-execution/manufacturing-it-s-where-and-how-not-if