Since the 2008 financial crisis, UK productivity has virtually flatlined with worker productivity falling to its lowest in two years. According to the Office of National Statistics (ONS), the UK’s productivity growth is still below the pre-crisis rate of 2%, which suggests our ‘Productivity Puzzle’ is far from solved.
Productivity is a measure of the products and services the UK produces, compared to the resources used to produce them. Productivity has a significant impact on a country’s wealth, so it’s alarming to realise ours has...
When discussing the topic of business improvement, terms like ‘productivity’ and ‘efficiency’ are often used interchangeably, however there is a significant difference between the two. Understanding both terms is key to achieving significant business growth, whether it is through focusing on efficiency or productivity improvements.
A common definition of productivity is: ‘the ratio of the output of products and services to the labour hours devoted to the production of that output.’ With this definition, productivity is calculated from compari...
Are you fully aware of everything that goes on inside your company and the effect it may have on your business overall? Do any of your customers or staff understand what it means to have a “Hidden Factory” and its impact on the products and services they provide?
Most business owners will have some awareness of tangible waste items such as excessive stock, defective products, and office over-processing. But the hidden waste within your business may not be as tangible or easily calculated. Hidden wastes may take the form of products or services requiring...
The application of Lean and Six Sigma methodology can provide significant improvements within businesses when applied independently. Combining both methodologies provides a wider and broader 'toolbox' which can create even greater improvement opportunities.
Six Sigma is a complex topic which covers the whole process of eliminating defects from a process while simultaneously understanding and responding to the needs of the customers.
Six Sigma is a systematic approach used to improve products and processes through the reduction of variability. By relying on data, statistical analysis and proven process improvement techniques, Six Sigma provides a framework for companies to achieve a goal of as close to zero defects as possible.
Lean is one of the most common and effective process improvement methodologies in use by businesses today. The core fundamentals of Lean focus on reducing the amount of waste that your company produces and adding value to the customer.
This kind of thinking has been responsible for the continuous improvement of countless manufacturing companies across the years. So what is it and can it help your business? In this article, the Fluere team explain:
If you import materials for production, then the answer is probably yes!
UK manufacturers typically rely on imported materials and components. Despite the boost that sterling depreciation can have on exports, many of our customers are feeling a more significant pinch from the rising cost of imported materials.
Price pressures are rising and we’re all feeling the impact.
As a result we are frequently asked the question: "what can our business do operationally to maintain a healthy margin?"