Martin Automatic is offering a ‘definitive’ whitepaper on waste reduction and increased profitability, delivered at the 2009 TLMI conference by Craig Thomson (the company’s southeast (USA) regional manager and marketing manager). It presents examples and calculations that ‘identify and demonstrate the real cost of waste and its impact on profitability’.
The focus of the paper is how and why to reduce waste. According to a lean manufacturing expert, waste is anything other than the minimum amount of a resource that is necessary to add value to the product. On the materials side, waste could be defined as the difference between what is purchased (and its cost) and what is actually delivered (and invoiced) to the customer. For example: if there is a 15% margin on production, then eliminating $150,000 of waste is equal to an additional turnover of $1 million.
The whitepaper can be downloaded in English, German, or Chinese, by visiting the Martin Automatic website and selecting the ‘Latest News’ tab, then the ‘Technical Articles’ section.
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