In your industry, you can be sure that competitors are striving to maximize their earnings. The area most overlooked by business owners and private equity groups is increasing earnings by ensuring that your employees are performing their best.
A Rapid Improvement Process is a systematic application of continuous improvement tools to increase the production speed of existing processes. The rapid improvement process sets the goal to increase production speed 25%. A business can plan a reduction in downtime and defects by 50% in a set-up reduction event. The Rapid Improvement Process is a problem-solving process.
Managing Daily Improvement Process is a system for the manufacturing team to compare the production output to hourly targets. The Managing Daily Improvement process goal is to achieve a 2% increase in production every month for every product. Managing Daily Improvement process is a problem-solving process.
The Rapid Improvement process and Managing Daily Improvement process provide a systematic approach to business to achieve goals once not thought possible. Competitors performing in the 90th percentile can produce 4-6 times more products per hour than the business performing in the 10th percentile. The goal is to perform in the 90th percentile. The chart illustrates the performance in dollars/hour for several industries.
There may be many strategies to achieve success, but only one right answer to continuous improvement. And that answer is… Art Stout! I’ve spent my professional life helping business owners implement the right changes so they can generate cash and grow their earnings in months, not years. My mission is to do the same for you. Let’s schedule a meeting so I can learn about the challenges you are facing, and we can create a solution.
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