5 Profit Killers in Manufacturing

As with all businesses, there are some areas that are more prone to losses than others. In manufacturing, there are five key aspects in particular that are classed as the biggest “profit killers” and that have landed many businesses in dangerous waters. But what are these biggest manufacturing profit killers, and what could help businesses avoid these pitfalls? 1. Lack of an Efficient Maintenance Management System Whether the manufacturing business in question is a startup or an existing business that is scaling quickly and trying to keep up with a plethora of responsibilities such as scheduled maintenance tasks, without an efficient computerized maintenance management system (CMMS), it’s easy for priorities to start to slip and important maintenance events to get delayed, creating costlier issues in the long term. Good CMMS software can provide maintenance and facilities operating teams with the tools to effectively organize and carry out these required events. It can also recognize and plan preventative maintenance as well as set reminders regarding regulations and inspections, among other important tasks.