IPA Presents:
Business Fundamentals for the Manufacturing Industry
Build and grow your manufacturing company profitably with key business elements such as production
controls, effective maintenance system, marketing and financial management.
Marketing
- Clearly define marketing area
- Define profitability
- Determine proper distribution channels
- Established definite sales policies
- Measure effects of present sales promotion and advertising and track cost-benefit
- Coordinated sales with production
- Obtain market share
- Analyze sales costs
Administration
- Clearly define authority and responsibility among key personnel
- Established policies to coordinate all functions
- Employee accountability
Financial Planning/Management
- Coordinate inventory control with sales forecasting and production
- Sound credit and collection policies
- Price based on break-even analysis
- Smooth flow and control over office procedures and paperwork
- Warehousing improvements
Production
- Improve a plant layout, work flow and work scheduling
- Review productivity and material costs
- Improve personnel recruitment, training and assignment
- Create dependable manning tables
Maintenance
- Review maintenance program
- Manage excessive heating and air conditioning
- Check housekeeping costs and performance regularly
- "Crisis" repair and maintenance
