Manufacturing
The manufacturing industry has been experiencing large demand fluctuations over the course of the past several years. Manufacturing organizations have aggressively pursued ways of reducing fixed cost investments by exploiting relationships with third parties for business functions deemed as non-differentiating, and by leveraging internal shared services wherever possible. Manufacturing organizations are successful when they collaborate closely with their customers and other stakeholders in order to understand their changing needs. To allow their businesses to adapt rapidly to market changes, they must make investments in their people, processes, and technologies. In order to respond to changes in the type of work, volume, duration, and skill set, such enterprises must be ready to exploit the flexibility of their resources by implementing modern workforce management solutions.
A time and attendance solution such as ExtendTimeTM allows manufacturing companies to:
- Save up to 5 percent of costs by reduction of hours and reallocation of hours from premium payments.
- Improve productivity by matching volumes of work with the appropriate work hours.
- Reduce labor turnover by planning schedules around individual working time preferences and re-planning flexible contracts to more closely fit in with the production schedules, resulting in reduced costs through reduced recruitment.
- Reduce errors in over-payment as well as reduce unauthorized absences through better visibility of attended hours.
- Comply with local Labor and Health & Safety regulations through rule-based scheduling.
- Reduce the valuable time spent by resource planners in scheduling creation and attendance management.
- Provide Head Office with immediate feedback on production operations.
- Encourage the development of a more responsive production operation resulting in an improved use of cash resources.