Manufacturing
Manufacturing businesses typically import raw materials and convert them into products that are passed down the chain to later manufacture as parts or to wholesalers & retailers as fully finished products for sale to consumers. Learn how to plan for manufacturing industries.
Despite the huge range of products they manufacture, they all share a number of processes that 12Faces covers with helpful resources. Yellow Belt
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Inventory
Much of the profitability of these businesses is determined by their management of Inventory; buying at the right price, stocking the right volumes and so on.
This article discusses inventory management.
Cost of Over and Under Stocking: looks at the cost to the business of running out of product and of having too much product.
Optimising & Streamlining
Profitability also depends on producing their products as sufficiently as possible to survive in a price-sensitive world.
C2.0 Optimise Your Business Enterprise in 100 Days (Optimise100): gives background information to the Optimise100 Campaign.
How to Manage Local Optima Problem: discusses the waste that can be introduced by having each production step produce as much as possible.
Theory of Constraints (TOC): points out that no production line can produce faster than its main bottleneck so that is a good place to start.
This article outlines what is included in the Skills Module.