Welcome to Part 4 of our 5 Part series exploring McKinsey’s Richard Sellschop’s insightful interview with Manufacturing Digital on how manufacturers can break free from stagnant productivity and thrive amid disruption.
Sellschop notes that eliminating waste and variability through technical systems delivers stakeholder value. By addressing inefficiencies holistically, manufacturers can improve flexibility, meet customer demands, and stay ahead of the competition.
Streamlining Operations Through Technology
Technical systems play a central role in eliminating waste, reducing variability, and driving flexibility in manufacturing. These systems enable companies to achieve consistent quality and maximize stakeholder value.
Case Study: Industrial Warehouse Streamlines Inventory Management
An industrial warehouse struggled with high carrying costs due to inefficiencies in inventory management. By integrating IIoT solutions, the company gained real-time visibility into stock levels, demand trends, and parts utilization.
This allowed them to optimize inventory replenishment schedules, reduce excess stock, and improve order accuracy. Within a year, the warehouse reduced inventory holding costs by 18% while enhancing order fulfillment speed.
At Tego Inc., we specialize in building agile solutions that address these challenges, helping manufacturers and warehouses achieve precision and efficiency across their operations.
