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I am tasked to access the operations of a number of potential manufacturing companies we are looking to purchase. Where do I start? I want to create an assessment document to check against. Can you please tell me points to include and what I should look out for? I need to understand the status of current operations and see if there is value to be extracted. Thanks in advance!
Total turnaround time: PO received to Goods manufactured, to shipped timeline. Whether matching customer monetary and time budget, exceeding or falling short.
For companies in somewhat similar industries: how much dollars their waste/scrap is bringing in or costing to dispose off. Remember, getting too much money for waste is bad, and spending too much money on waste disposal is bad too.
Check their equipment maintenance records. Specifically PM. PM is far far more important than BM.
Existing dashboard tools. If the companies aren't fully automated like a coke can making factory or Tesla factories, high chances are, their dashboards suck at getting a good read on WIP. If their dashboard gives a good idea on WIP, they have some awesome employees.
Machine utilization vANDs labor utilization.
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You are probably doing it the wrong way - although I might have to eat my words later.
The real deal here is quality personnel and the already existing AS9100 certs.
Rather than focusing on businesses that already have AS9100 certs, focus on businesses that do work in other high performance areas, and then create a team to get them their AS9100 certs. This way, your businesses have a recurring revenue stream, and then your other AS9100 shops can take on more AS9100 work, and farm out to locations close to them.
This might be controversial, but if quality keeps up, not so much.
The real meat here is quality certs, quality tracking chain and paperwork. For already existing systems, you will end up paying a premium.