When it Comes to Manufacturing Heavy Duty Casters, QRM is a Winner
Quick response manufacturing, or QRM, is a set of tools and protocols designed to eliminate waste in the manufacturing process, and it is a clear winner when it comes to the design and manufacture of heavy duty casters. In fact, there are three primary benefits associated with incorporating QRM into the manufacturing process, and each one can improve productivity, leading to better customer satisfaction, increased revenue, and even new technologies and innovations.
QRM and Improved Customer Satisfaction
The heavy duty caster industry is a low-volume industry that requires specialized knowledge and serves a very specific set of clients. As a result, cutting waste from the manufacturing process and reducing lead time is crucial to improving overall customer satisfaction.
Incorporating QRM tools into the mix allows manufacturers to deliver perfect products – including highly customized products with special requirements – in as little time as possible without sacrificing on quality. If you can do this, your customers will buy from you again and again, boosting your reputation and making you a true authority in your field. This is what will ultimately propel your business forward.
How QRM Can Increase Revenue
When there is a long lead time between the time a customer places an order and the time that customer receives the order, this has a negative impact on your company’s cashflow. Slow cashflow makes it difficult for a company to remain competitive, especially in terms of fluctuations in the market, such as a sudden increase in the price of materials or the need to replace expensive manufacturing equipment.
By integrating QRM, it is possible to get products out to customers more quickly. At the end of the day, faster turnaround means less time between paydays and more cash to respond to a fluctuating market. More cash flowing throughout your supply chain means more security in a crowded market.
QRM and Innovation
As if better customer satisfaction and increased revenue weren’t enough, QRM also inspires the companies using it to find new ways to improve their processes even further. When companies (and their employees) see the positive changes that come from making customers happy, reading outstanding reviews, processing repeat orders time and again, and watching as their paychecks grow with every passing quarter, they feel compelled to find other ways to improve the business as a whole and make their customers even happier. This cycle is the recipe for success, and it’s one of the reasons why Caster Concepts has grown to become a true innovator in its field.
As you can see, QRM is by far one of the best ways to reduce lead times and make the overall process of fulfilling customer orders more efficient, especially in the heavy duty caster industry. Reducing waste and making better use of time improves customer satisfaction, increases revenue, and through a bevy of other benefits for both the customer and the company, it can lead to some of the best and most useful innovations of our time.