If economic experts, industry groups and Governments are correct then 2009 will be an operationally challenging year for TAKT Australia . Global economic uncertainty is fuelling the daily reports of a rapidly slowing economy and higher unemployment rates.
In fact, on December 1 this year, the Chief Executive of AI Group, Heather Ridout, responding to the decline in the November Australian PMI figures has said that the decline in the November Australian PMI (Performance of Manufacturing Index) comes on the back of a weakening trend in activity. Of particular concern is the alarming fall in new orders. This does not auger well and suggests a poor end to 2008 and an equally weak start to the New Year. Companies are doing a deep dive into their businesses in an effort to cut costs in order to ride out the downturn. Consistent with this, employment is under pressure.
To positively respond to this threat, operations need to focus on driving down costs, improving delivery and enhancing quality through increasing efficiency, eliminating waste and having better skilled team members.
This focus can be realised through the implementation of a Competitive Manufacturing programme into the business. The Competitive Manufacturing programme has been developed from Lean Manufacturing, Six Sigma and other process improvement methodologies. The programme is about doing more with less; less time, inventory, space, and money. Competitive Manufacturing is about speed and getting it right the first time. The programme attracts Government funding at both the Certificate III and IV levels for eligible participants ensuring that the financial outlay for the training delivery is cost neutral.