October 03, 2023
By Kunal Kumar
and
Miao He
Manufacturing companies are facing a conundrum: In the face of greater economic uncertainty and rising interest rates, they must maintain high productivity and improved efficiency without increasing CapEx spending. BCG clients have found EBITDA impact as high as +8% through improvements in decision-making related to productivity drivers such as machine setups and changeovers, operator-skill level, unplanned production downtime, and idle time. Recently, many clients have found that they can improve decision making through the use of optimization-based production-scheduling tools.