Top manufacturers feel the impact when the world changes. Supply chain disruptions, the evolution of technology, and the lack of skilled workers raises the stakes. And today, manufacturing businesses face challenges from all directions.
They must reduce costs while maintaining quality expectations. They must use each resource as efficiently as possible to reap the most benefit, including everything from staffing to actual physical materials. They’re pressed by customer expectations and competition to meet high delivery and service standards.
For many, legacy technology creates barriers to achieving these goals. And inefficient processes might keep them from reaching the revenue targets they need to invest. However, the advanced technology and digital capabilities available to manufacturers today can have fast returns and elevate them to the latest standards quickly—and even take them beyond their former objectives to outshine the competition.
You might aspire to improve processes, operations and finances as a start before tackling a technology investment. Or you might be ready for a digital transformation and technology that will help you gain visibility over your supply chain, inventory and operations, and better serve customers who expect greater digital capabilities.
With all of this, you might need to consult with cybersecurity and compliance experts to ensure you’re covered every step of the way—and you know how to respond.
Manufacturing Consulting: How the Process Works
Manufacturing consultants are professionals that help improve many aspects of your production process, from supply chain management to cybersecurity. The goal is to improve overall efficiency and profits.
When you work with production consultants or manufacturing consulting companies, they typically start by assessing your entire production pipeline and workflows. Through this process, they can discover bottlenecks and opportunities that can be further improved.
They'll then work with key personnel, including management, project managers, and workers, to implement new processes and workflows. Factory consultants also emphasize continuous improvement and will have regular reviews to ensure everything is running as intended.
Production consulting is a multidisciplinary approach that including, but is not limited to, the following strategies and tactics:
- Lean manufacturing consultants that introduce lean methodologies to improve efficiency and reduce production errors.
- Develop a plan to meet compliance standards such as ISO
- Improve manufacturing processes for handling, storage, and inspection of materials, especially those that involve hazardous chemicals.
- Evaluate the financial aspects of the operation, including projected ROI and opportunities for capital investments
- Introduce energy efficiency and green initiatives to help lower consumption and increase savings
- Handle tax and auditing
- Improve cybersecurity
- Establish metrics to continually monitor factor efficiency, including performance, quality, and availability.
- Leverage digital technologies to allow management greater visibility over their entire manufacturing pipeline, from supply chain to delivery of the finished product.
- Set up training programs to ensure key staff are indoctrinated into the new strategies and processes introduced.
Benefits of Working with Manufacturing Consulting Firms
Working with top manufacturing consulting firms like Eide Bailly gives you a unique "outside looking in" perspective on your operations. Because we are external entities, we can view your operation's strengths, opportunities, and bottlenecks with a fresh pair of eyes. This enables to devise creative solutions that give better and faster results.
Our consultants have years of experience and expertise in manufacturing management consulting. Thus, they can implement strategies and tactics that are proven to produce results consistently. Banking on our stellar track record also minimizes your risks.
But most importantly, getting a manufacturing consultant on board will save you costs in the long run. It's much more time-consuming and expensive to hire this expertise internally, especially if you factor in bonuses and benefits.
Getting us as consultants works better because you only pay for us when you need us. You also get what you pay for: increased profits, greater manufacturing efficiency, and actual business results
Whatever your goals are, Eide Bailly’s consultants have experience in the manufacturing industry. They understand the challenges you face today, and they can help you prepare for those in the future. Secure your business and get ahead of change with manufacturing consulting services designed to conquer your unique challenges.
Our trusted advisors can help you make the right investments for greater security and growth. Our expertise goes beyond tax and audit. We’ll work with you to develop financial, operational and technological strategies that keep you competitive. We can partner with you to achieve your goals, including improved cybersecurity, operations and compliance, as well as reach new horizons with advanced technology and data analytics.