12 December 2011 ➤ www.
ceramicindustry.
com
M
anufacturers implementing technology for financial reporting purposes
often overlook efficiencies that can generate cash flow and
reduce costs on the manufacturing floor.
Accurate information that provides a...
More
12 December 2011 ➤ www.
ceramicindustry.
com
M
anufacturers implementing technology for financial reporting purposes
often overlook efficiencies that can generate cash flow and
reduce costs on the manufacturing floor.
Accurate information that provides a
business owner with the ability to make
immediate, profit-boosting decisions
about their operation is crucial during
an economic downturn.
If revenue is
down and the market mood does not
permit price increases, then profitability
can only be realized by reducing costs.
You must ask yourself, “What prevents
me from 100% efficiency?”
Developing a Plan
Focus on “faster and better.
” Every asset,
machine, tool, and person you have must
be accountable and cycle more quickly.
An airline cannot survive when planes
are not in the air producing revenue.
Your business cannot survive unless you
know where your assets are and how they
can be used efficiently.
Imagine being able to view the location of your tools and equipment at
any moment s
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