Negosentro | How Do American Factories Remain Competitive? | In America, there is a tradition of hard work and high productivity. Across all forms of business, staff tend to be dedicated to their chosen professions and seek to deliver excellence in their tasks and projects to contribute to the ongoing profitability of their organization. This is true in all sectors as a rule, and especially so in the manufacturing sector. In this form of work, businesses rely on a highly motivated workforce who can produce goods to consistent standards and to the highest possible levels of output.
However, in recent decades, American factories and industries have faced increasing competition from other nations in Asia and other developing countries. Many of these locations have the distinct advantage of lower wage costs, which can make a significant difference to the overall profitability of an organization. In this article, there will be a discussion of how American factories remain competitive considering the growing international competition.
Well-maintained equipment
Every factory relies on having equipment and production lines that can operate to high levels of output while minimizing the amount of downtime required for repairs and general maintenance. Key equipment such as vacuum pumps (which are used in many different factories when producing manufactured foods, chemicals, and pharmaceutical products, amongst others) need to be properly maintained so that they can continue to function effectively and to the highest levels of efficiency. For this type of equipment, it is vital to use high-quality Industrial Vacuum Pump Oil to prolong the life of the components and ensure their effective operation.
Conversely, factories in developing countries may often use substandard products as part of their ongoing maintenance programs. This can lead to an increased likelihood of machinery breakdowns or substandard production processes, both of which impact the overall profitability of a firm. In short, vacuum pumps and other vital production line equipment are maintained to the highest levels with the best quality industrial products to ensure that output is high and downtime is minimized.
A multi-skilled workforce
While it is recognized that American labor costs are considerably higher than in some other countries, the skill levels of the workforce in manufacturing operations tend to be higher. In fact, statistics indicate that America has the 6th highest skilled workforce in the world. Training provided to factory staff is comprehensive and enables them to become highly proficient across many different manufacturing processes. This allows for a working environment where staff can switch between parts of the operation without lowering levels of output due to a lack of competence with specific machinery.
Advanced analytics platforms
Today, modern American factories rely on a range of advanced analytics platforms to aid productivity. These can include predictive analytics packages that help to identify when maintenance of equipment is needed before it impacts production quality or volumes. In addition, analytics can be used to analyze manufacturing processes and quickly identify where there is potential for improvement along the production lines. Such analytics platforms can also be used to improve business decision-making by providing high-quality information that gives managers actionable insights into the performance of their factories. Click here to see some of the most used analytics platforms in American factories to provide a multi-faceted competitive edge.
