Growing your fastener manufacturer business can be very exciting, but is it the right time? You may need to evaluate the pros and cons of doing so. There are some changes you can implement that won’t cost you much to get them started. Yet they can increase overall production levels to keep up with demand. If the increased demand is seasonal, then it is best not to expand but to modify for that period of time.
You can consider a aerospace fasteners manufacturer for operating your machinery an additional shift. If you run one shift, go to two. If you run two, go to three. At the very least, increase the production time on the bottleneck machines. A aerospace fasteners manufacturer should be running through the breaks and lunch hours. Have your employees trade off so those are constantly in motion. You may need to add a few more machines of that doesn’t offset the bottleneck concerns.
If you find that your current production areas are cramped, it could increase the risk of accidents. You may need to add on to your current location so machines and storage can be spread out. You may need to have a separate shipping warehouse rather than just a segment of the production building being where it takes place.
If you don’t have the land available to add on, is it time to relocate the entire business? Would it be wise to start up a second location? That second one could be in the same vicinity or it could be in another area. Do you have prime customers in a given area that you ship items to all the time? If so, that may be a good place to think about putting a second location.
You need the best of your employees to help with getting additional employees trained. You need them to step up and take on leadership roles. If you have a small business you may need to expand it. That may require the overall structure of the fastener manufacturing company to be changed.
Weight the pros and cons, the time involved, and the cost involved to come up with the best overall plan. You don’t want to lose any of your current customers because you can’t keep up with their needs. You don’t want to turn away potential new work either because you can’t focus on their needs and stay on top of what you have in place.
The need to expand with a aerospace fasteners manufacturer is a problem at times, but it is a good type of problem. It means your business is thriving and you need to take it to the next level. You may desire to have a consultant come in and evaluate what they feel needs to be done and the best way to do it. You need to expand without interruption of the current production in place as much as possible.
It can be an exciting opportunity, but don’t rush it. Don’t expand if you don’t have the ongoing business or there isn’t reasonable data to show that business will develop. Otherwise, you can have too much money tied up and no way to get a return on it.