IMTS Conference - Visualizing the Financial Impact of Efficiencies in Manufacturing

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Description:

Today’s manufacturing environment has more data available than ever before. The speed of information moves at a pace that was unfathomable fifteen years ago. Yet, the big question still exists; what do we do with this information?

Despite massive amounts of data available at our fingertips, many decisions are made without seeing the future financial impact. In this presentation, we will explore the basic fundamentals that are often overlooked and see how quality and efficiency affects the financial return on investments. By understanding the financial implications of the overall process, better decisions can be made to guide maximum profitability and productivity.

Key Points:

  • Why quality matters, not just in the finished product, but also throughout the entire process
  • Review what cost of ownership entails
  • Work through a scenario on a spreadsheet to understand cost per part and to see how big of a financial impact efficiency makes on the return on investment
  • Look at tools and methods to gauge areas of improvement in a manufacturing process

Conference: IMTS Conference

Type: Manufacturing Technology


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