Does your manufacturing business pay a Waste-Added-Tax? Here are four ways that bespoke technology can help you avoid it
With any business, time is money and business owners are always looking for ways to improve their bottom line and increase efficiency.
While many businesses in the manufacturing sector have just gone through a quiet period, it’s clear from our conversations that a large number are now planning for a busier period, or are already experiencing increased demand.
We are also finding that a number of business owners are realising the amount of time that’s wasted with their manual processes. This is like an extra tax on their business, which we’re calling a Waste-Added-Tax.
With that in mind, this article is going to look at what this Waste-Added-Tax is, and four ways that bespoke technology can help you avoid it.
What is Waste-Added-Tax?
As the Manufacturing Times highlights in this article, a Waste-Added-Tax is a cost added to your business because of inefficiencies.
Put simply, if processes within your business aren’t as productive as they could be, they will be costing you more money than they should be.
Four things to think about to avoid paying Waste-Added-Taxes:
1. Data entry within your business:
We have found that within many businesses, if a member of staff is responsible for entering data into a spreadsheet, for example, it’s likely that they will also need to enter the same data into other systems.
By implementing bespoke technology into your processes you’ll be able to avoid doubling up on these tasks, which will potentially free up a significant amount of time for your staff members.
2. Sending quotes:
Many companies we speak to create their quotes using Word, PowerPoint or even Illustrator because the outputs look good. While we agree that your quotes, along with the rest of your business, need to look professional, using these apps can be very labour-intensive.
If you can use technology to create quotes based on branded professional templates, it will save your sales team lots of time- which might even help your team close those last-minute deals.
3. Internal communications:
As we’ve highlighted before, while you might be using a CRM (Customer Relationship Management) system within your manufacturing business, in our experience just 40-50% of the features within these generic CRMs are actually used.
This means that when you come to share customer information between the various departments within your business, you might find your team members adding separate notes, either physically or online, so that all the relevant information is shared and that your teams can collaborate.
Implementing bespoke technology within your business will help to remove these inefficiencies because you can build the software with your requirements in mind, and over time you can increase its functionality more easily.
4. Job management:
Job management is a key inefficiency within many manufacturing businesses.
Some still use T Cards on a wall in the workshop, where they could be using a Kanban board as part of a custom app, for example.
This could potentially highlight small errors in your processes and also help you make more informed business decisions in the medium to long term.
At Data OPS we focus on improving your productivity, removing any Waste-Added-Taxes, and increasing your profitability, using bespoke software.
Our team have more than 15 years of experience in the software development industry and use FileMaker, the leading workplace innovation platform, to build custom applications to automate your business processes.
To find out more about this, and any other ways we could support your business, please contact our Workplace Innovation Specialists at Data OPS on email@example.com