WBSRocks: Business Growth with Enterprise Software and Digital Transformation WBSP182: Grow Your Business by Optimizing Production Method and Line w/ Vlad Romanov
Identifying the appropriate production method requires you to have a deep understanding of your finished products and raw materials consumed. An incorrect production method and its KPIs may have implications on the production capacity. Also, if there is a mismatch in your demand and supply, you might need to understand if there might be a way to increase the capacity. If you are lucky, you might be able to duplicate the existing line and increase it. But if you have to install a new line from scratch, there might be a lot more moving pieces and surprises than you would expect.
In today's episode, our guest, Vlad Romanov, shares his insights into how the two schools of production, discrete and continuous, differ, including their KPIs. He also shares his insights into optimizing the production lines by analyzing the types of products produced and the types of raw materials consumed. Finally, he discusses how to increase capacity by analyzing the business case of installing a new production line vs. upgrading the existing one.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.