Five ways that availability of critical assets is hurting productivity
Insufficient management of critical assets creates detrimental side-effects to productivity and business operation says Julian Adams, Managing Director of Apex Supply Chain Technologies.
Here he highlights five things to look out for:
• Time away from task
There are many assets that staff require day-to-day to do their tasks. It’s amazing how much time is wasted simply searching for basic equipment. Try the following calculation: Minutes to travel and locate equipment x the number of trips per year x the average hourly pay.
• Search for missing assets
Equipment unavailability creates dramatic delays to a job.
• Delayed jobs and services
The knock-on effect of employees not having access to basic equipment and critical assets is equipment downtime, manufacturing interruptions and delivery delays.
• Elevated labour costs and overtime
Overtime costs surging? Missing assets could be a factor.
• Increase in unplanned costs
When production times shift, factors such as shipment costs do too.
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