JCB, one of the world’s top manufacturers of industrial and construction equipment, found that it did not have enough control over mission-critical parts, supplies and repair kits in its inventory. With unrestricted access to the heavy production/maintenance area, costs were spiraling out of control and critical parts, tools and supplies were routinely out of stock and unavailable when needed.
With operations running 24 hours a day, the company frequently ran into significant production delays due to misplaced, lost or out-of-stock materials. In addition, uncontrolled spot buying, increased and lengthened shutdowns, and overuse of materials were a real problem.
Engineering industry reacts to Reeves' budget
I´d have to say - ´help´ - in the longer term. It is well recognised that productivity in the UK lags well behind our major industrial competitors and...