Manufacturers – know your future revenue with Standard Time® software. You already trust it for project planning and shop floor actuals. Why not get a little extra from it, like estimated project revenue of the coming months?
This is actually a really interesting idea! You have to plan manufacturing projects. You have tasks and employees tracking to them. You have work orders and WIP monitoring. That’s what manufacturing resource planners do. But while you’re at it, why not get a nice bar chart showing future project revenue?
Turns out, that project revenue bar chart is like a sales funnel. It can show revenue from projects that are won, lost, or in progress. Find out how much revenue you lost from certain sales techniques. Or won from other competing techniques. Find out how one project portfolio compares with another. See the revenue from each client, or all clients.
Got what you need? Print a copy for the sales meeting. What a nice little freebie from your manufacturing resource planner, Standard Time!
Have you ever seen a Gantt chart with a resource requirements bar chart? In other words, a bar chart that updates as you drag task bars on the Gantt timeline. I know… that takes some time to mentally process. Watch the video below, and then scroll down from more discussion.
Image dragging task bars on your Gantt chart, and watching a resource requirements bar chart update as you do. That’s essentially what is being described here.
It’s one thing to see a nice timeline with task bars (that’s a Gantt chart), and it’s also one nice thing to see a bar chart with resource requirements for each week, but combining the two is really helpful. When you drag task bars on the timeline, you see what impact that had on resource requirements.
How many engineers do you need on week 34? How many forklifts in July verses August? How many assemblers on line 12 in November before the holiday rush? These are questions answered by a resource requirements chart.
Slotting projects on a timeline is also necessary. But you can’t do that without making sure you’ve got the manpower and materials. So, you need resource allocation. The two work hand-in-hand.
Standard Time® is a minimalist MRP with these exact capabilities. You can try these ideas for free. If you’re new to Gantt charts or resource allocation, this is the perfect place to learn. Click here: www.stdtime.com/manufacturing
Question: How do you organize and report on manufacturing projects? That is to say, what criteria groups projects into working buckets? Do you put them into portfolios so you can see which portfolio performs best? Or set the status of projects to report on stages or phases? How about assign them to assembly lines to see slots where new projects can go? Those are all techniques described in the video below. Plus, there are a few more.
Did you know you can try these project organization techniques today? Download a copy of Standard Time® and try them for free. You might become inspired to learn more about your own projects and find that organizing them simplifies the monolithic list you have now.
Use your “stuff” the best way possible in manufacturing. Haha, that’s one way to put it! This is just a quickie video to help introduce and explain resource allocation. If you’re unfamiliar with the term, this little video might help. And, it’s always worth hearing another perspective if you’re an “old salt” in the project management industry.
Manufacturing resource planners, like Standard Time® make light work of this kind of project management. And, they’re not bad at collecting actuals from the factory floor. E.g. actuals like time, materials, inventory usage, machine hours, and tool usage. Consider taking a look.
Assembly line managers can see which projects are running on each line. Use this lite MRP/ERP tool to slot projects on assembly lines. Once slotted, you’ll see their resource time commitments in a bar chart. Now you can find slots of new projects.
Watch the video below!
Every manufacturing project has resource and time commitments. Manufacturing projects on assembly lines are no different, except that you are committing those resources to a single line. That’s actually a good thing because you can now see which projects run on each line, and find empty time slots for the next project.
Bar charts help visualize time commitments, and make slotting new projects on manufacturing assembly lines much faster.
Have you tried Standard Time? Find the link on this page and download a copy. It’s free to try.