Maximizing your Plant Productivity during Challenging Times
In the light of the current COVID-19 crisis, the manufacturing operations particularly production and planning processes are stressed. The dependency on the affected supply chain and the strain on planning is challenging the business continuity. Production planning is all making the best decision to meet demand keeping in consideration the available material, capacity and resources. Current challenges faced by organizations include:
- Production capacity is now challenged by workforce absences and throughput is impacted by social distancing norms.
- Balancing workforce capacity with costs and the impact on the ability to rebound later in case of downsizing for furloughing.
- Unclear visibility owing to overload of demand or supply/ production problems
- Volatile customer demand
Different industries are impacted by the volatility in different ways. Pharma and medical device manufacturers are witnessing high demand while aerospace and automotive industry are having subdued demand. In both these scenarios, manufacturing need to optimize production and plan for recovery.