Continuous improvement and learning is the key to success for any walk of life, and the manufacturing sector is no different. Learning Management Systems have revolutionized the entire exercise of training and upskilling employees.
Today, the global Learning Management System (LMS) market is valued at USD 18.26 billion and is expected to grow by more than double in the next seven years. LMSs for the Manufacturing Sector account for 9% of this market.
Investing in an LMS can be highly beneficial for your organization, and this article will highlight the benefits in store if you do so.
The Seven Key Benefits of Investing in an LMS for the Manufacturing Sector
An investment in a Learning management system for a manufacturing company will give you a myriad of advantages. The following will be the most significant of them:
The Ability to Implement Standardized Training Across the Organization
Generally speaking, the machinery of the manufacturing sector is complex and, as a whole, has multiple departments across multiple locations handling everything from sourcing raw materials to logistics and distribution. With this comes a highly diverse workforce, and the ability to maintain consistent training becomes challenging.
However, a robust Learning Management System tailored for the manufacturing industry will provide a standardized and centralized learning solution that will ensure that all employees receive the same level of training, regardless of their experience or location.
An added benefit of an LMS for manufacturing companies is that all employees receive consistent and up-to-date training materials.
Improved Adherence to Compliance and Regulatory Requirements
Compliance with prescribed regulatory standards is critical when it comes to the manufacturing industry. Failure to adhere to these standards can lead to serious violations that can result in heavy penalties as well as reputational loss.
With an LMS in place, organizations can stay on top of compliance regulations with the implication of training modules specifically designed to periodically train or update employees on regulatory standards and any changes that have been made to them.
Learning Management Systems, by default, have the ability to track and monitor employee progress and completion rates. They can also generate detailed reports that can give the management a better understanding of how well-informed and up-to-date their employees are on the latest regulations and plan for additional training accordingly.
Improved Cost and Time Efficiency
Traditional training methodologies call for in-person training. This meant that employees had to travel to a centralized location to undergo training.
Take into consideration the logistics involved in transporting your employees back and forth, instructor fees, and the cost of hiring a suitable place, and you realize that this was an expensive and time-consuming exercise.
By transitioning to an LMS, manufacturing companies can reduce logistics and instructor fee costs while also saving time by providing employees with self-paced, on-demand training accessible anywhere and at any time via an LMS. This change will reduce administrative costs and also production downtime, resulting in better cost and time efficiency.
Learning Management Systems are Scalable and Offer Unmatched Flexibility
Perhaps one of the most significant advantages of investing in an LMS for manufacturing is its scalability and flexibility. As a company grows or diversifies its operations, so does the need to accommodate training for the increased workforce.
Learning Management Systems can be easily scaled up to accommodate these additional training needs. What’s more, companies that provide LMS services can customize these systems to your specific training needs.
An LMS also offers the flexibility to tailor training programs for specific job roles or skills, ensuring that your training programs are always on par with the requirements of a growing workforce.
They Incorporate Detailed Performance Tracking and Analytics
Keeping track of the effectiveness of your organization-wide training exercise can be a breeze with dedicated manufacturing LMS systems.
Learning Management Systems come inbuilt with robust analytical and reporting functionalities that can give the management a bird’s eye view of individual and team progress, identify knowledge gaps, and measure the impact of their training initiatives.
This capability gives management a distinct advantage in making data-driven designs on how to refine their training strategies and, as a result, optimize workforce productivity.
Knowledge Retention and Ongoing Learning
Learning Management Systems deviate from traditional in-person training methodologies and offer more effective training in the form of personalized learning, the introduction of gamification techniques, and the hands-on learning approach using VR.
Studies have shown that these “active” learning methodologies show improved retention of subject matter after a month when compared to standard “passive” learning techniques.
The LMS systems of today are mobile-compatible, which means they can be accessed from anywhere and at any time. The primary benefit of this level of accessibility is that employees can access critical information while on the job that can help them mitigate possible errors and improve their overall job performance.
Investing in an LMS for the manufacturing sector can offer a myriad of advantages that will benefit your employees and the organization alike. Transitioning into an LMS will show your employees that you care about their learning needs as well, which will pay you back in multiple ways, i.e., from improved productivity to better employee retention.
Remember, an LMS is not merely an investment in training; it is an investment in the growth, sustainability, and long-term success of the entire organization.
If you are looking for a robust LMS service for the manufacturing sector, then look no further than Gyrus. Schedule a free demo with us to learn more.
What are the different types of LMSs available?
There are two main types of LMSs: cloud-based and on-premises. A third-party provider hosts cloud-based LMSs that can be accessed from any device as long as it has access to the internet. On-premises LMSs are hosted on the manufacturing company’s servers.
Why is standardized training essential in the manufacturing sector?
Standardized training ensures that all employees receive the same level of training, regardless of their experience or location. With a diverse workforce and complex processes, maintaining consistency in training becomes crucial for effective operations and knowledge sharing within the organization.
What is the future of LMSs in manufacturing?
The future of LMSs in manufacturing is bright. As manufacturing companies become more globalized and complex, the need for LMSs will only increase.