Machine Shop Growth Episode #8: Growing Your Bottom Line
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May 20, 2025 Discover how to transform your machine shop's bottom line by identifying profit leaks. Dive into strategies for managing tooling costs and optimizing workforce efficiency, which can lead to significant savings. Learn the importance of data tracking and how it can boost production efficiency. External audits are highlighted as a key tool to uncover hidden issues. Embrace a growth mindset as you assess your processes for sustained success in the competitive landscape of manufacturing.
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Cut Tooling Waste to Save
- Reduce expenses by better controlling your tooling inventory and organization.
- Tooling costs are a major leak because many shops overbuy or lose track of tools.
Optimize Staffing Roles
- Consolidate and align staff roles to reduce payroll without cutting jobs unnecessarily.
- Reallocate roles to lower-cost employees to streamline your workforce and save money.
Automate to Overcome Skills Gap
- Invest in automation like robots or pallet pools to address the growing skills gap.
- Automating repetitive tasks increases throughput and margin even for varied job shops.