You may think you've addressed and eliminated all of the major inefficiencies on your manufacturing floor but as technology evolves, if you're not re-evaluating opportunities to drive manufacturing quality and volume on an ongoing basis, you may be at a weakness to competitors who are.
You've seen it, we've all seen it. Robots.
Manufacturers have done something incredible. Ever since the industrial revolution, manufacturing companies have invested so much into improving manufacturing efficiency. We've seen investments into the development of machine tools instead of manual tools. Subsequently, companies introduced products with interchangeable parts, which could be used across new and old devices. Interchangeable parts led to the popularization of the assembly line.