Improving Revenue Through Best Practices
By Mickey Walsh - May 21,2021Business is established to make money. To ensure the supply of money, production must be maintained or improved.In managing our business, it is hard to determine where to invest resources (money) to provide greater returns. Budgets are restricted and things like maintenance and training are easy targets as cuts there allow you to "get by". You can put off major expenses through smaller fixes.The problem working within restrictive budgets is that any unexpected expense adds risk which limits us from making proper investment decisions. One tends to address the "fixes" instead of tackling the root problemIf your status quo is replacing system components you may want to consider that maintenance life does not have to be lived this way. Replaced components within the manufacturing process may be inexpensive one at a time but when you consider labor and downtime those costs add up. They are sneaky and not considered when working within the budget. and... they don't get to the root of the issue. Life within a…