Modern business relies on quick movement of goods from production to consumers. The faster you can get your products through the production cycle, the more competitive your business is overall.
If you’ve been considering shoring up your production cycle times as a way to make your business more efficient and competitive, it’s important to understand just how beneficial all that hard work can be.
Here are 5 reasons to reduce production cycle times for business success:
Innovation Opportunities
If you are consistently turning out products on a short production schedule, you will be better poised to meet new market demands. This allows your business unique opportunities to offer innovative solutions and get in on the ground floor of new products and technologies.
This ability to innovate can position you for more opportunities down the road, leading to greater success over time.
Better Positioning
For businesses whose products go to resellers or other businesses that then repackage and redistribute products, being able to quickly supply your products allows you prime positioning with your customers.
The faster you can provide your products, the better off your business looks in the eyes of your partners, and your business will be seen as more trustworthy and reliable.
Increased Productivity
When turning out higher volumes, it is essential to reduce overall production cycle times. If you don’t, you’re just running your production floor into overtime needlessly, eating into your profits.
By reducing your production cycle times, you’re making your operations far more efficient, and giving your business room to grow and produce even more in the future.
Increased Customer Satisfaction
If your company sells directly to customers, it stands to reason that the faster you’re able to get your products into their hands, the happier they will be.
By decreasing your production cycle times, you are getting products to your buyers more quickly, increasing customer satisfaction. And when you have happy customers, they’re more likely to recommend your business to their friends and family, or to make repeat purchases, helping your business grow and succeed.
Increased Profitability
The more products you can move through the production line in an 8-hour working shift, the more profit you can make.
By carefully analyzing the places in your production cycle where you can make changes and make things faster, the better off your profit margins will be. Where you could once move 10,000 units through the line in 10 hours, reducing your production cycle time allows you to move the same amount of units in 8 hours. This gives you two extra hours to move additional units through, giving you more to sell.
Experienced Fulfillment Services on the East Coast
For more than 35 years, Cannon Hill Logistics has assisted businesses across the world with all their logistics needs. We pride ourselves on developing individualized solutions to meet your unique needs, whether you need a small amount of support or want someone to run your whole logistics operation. Call today for a quote!
