You may have heard of throughput, or seen it on some company’s websites (like ours), but what is it?
Basically, throughput is a measure of your company’s efficiency. More specifically, in manufacturing, it is how efficiently your production line can run from start to finish. I get it… that’s not very clear and it’s certainly not very exciting, but it IS vitally important.
In fact, if you were going to measure the quality of a company’s production line, throughput would be the number to use because it encompasses everything from start to finish.
You have certainly heard the saying, “a chain is only as strong as its weakest link”. And that is very true both in the manufacturing industry and every day life.
But unlike reality television, you can’t simply get rid of the weakest link of a production line. You either deal with it or buy new equipment to keep the line moving.
Throughput is the key! You have to keep the line moving. When you don’t, you lose money… Nobody likes to lose money!
So what can you do?
Well first, you need to analyze how efficiently your line is running. You can do this yourself, or you can use a team of trained specialists to do it for you (for free in some cases… just saying).
But in any case, you need to find out if your throughput is either right on the money, or hurting your bottom line.
To learn more about our Garvey Line Analysis, find more information here.