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. 

Automated lockers offer a solution. Located near to the production line, it is in easy reach of operatives and businesses are able to manage what is checked in and out efficiently.

IPE Newsletter

IPE publishes a weekly eNewsletter, delivering a carefully chosen selection of the latest stories straight to your inbox.

Subscribe here