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Top 5 Areas where the Profits Hide in your Plastics Processing Business

Top 5 Areas where the Profits Hide in your Plastics Processing Business

Profits often hide beyond the ability to pinpoint them and make accurate, timely course corrections. Beyond our control are the day-to- day surprises, such as last-minute customer order changes, machine breakdowns, and fluctuating resin costs. Where you can make a real impact (and […]

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Year-end Surprises: Daily Inventory & Margin Control

Year-end Surprises: Daily Inventory & Margin Control

Are you feeling positive or anxious about the anticipated profitability projections? Is your business forced to carry additional raw material or finished products to compensate for surprises and accuracy problems? Can you easily manage results and quantify if you attained […]

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Are Outdated Practices Anchoring Your Profits?

Are Outdated Practices Anchoring Your Profits?

Are you confirming orders, scheduling production and managing inventory the same way you always have just out of habit? Do you believe your competitors are also satisfied using the same old management practices? Existing management controls and practices, although once […]

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Are your IT initiatives aligned with your strategic direction?

Are your IT initiatives aligned with your strategic direction?

Do you perceive that improving your molding or extrusion business’ capacity to better manage, work smarter, make better, faster decisions are executive discussions or technical ones? Can you quantify if IT dollars spent have resulted in improved profits or improved […]

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Why new technologies with outdated business practices fail processors

Why new technologies with outdated business practices fail processors

Can you afford to keep investing in customizing old technology while trying to gain efficiency in your plastic processing operation? Do you continue to invest / throw good money after bad only to end up with a complex and unique […]

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Why ERP systems Fail Molders & Extruders

Why ERP systems Fail Molders & Extruders

We meet them all the time, at trade shows, association events and through industry referrals: Molders and Extruders who live with highly complicated software or ERP systems that not only consume more time and energy than they create but who […]

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Quantify the process GAP in your Plastics Operation

Quantify the process GAP in your Plastics Operation

Not paying attention to the widening gap between your internal processes and optimizations being realized through new technology can quietly erode the fair market value of your company. On the other hand, leveraging these capabilities can generate as much as […]

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Are you managing on the tip of the Iceberg?

Are you managing on the tip of the Iceberg?

You keep a close watch on sales, daily production numbers, and complete a profit & loss statement at the end of each month. That may be enough to satisfy the government and the stockholders, and provide enough information to keep […]

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What Daily Performance Indicators should an Owner of a Plastics Processing Company Track?

What Daily Performance Indicators should an Owner of a Plastics Processing Company Track?

Dashboards provide executives with real-time, visually attractive and easily interpreted displays of critical information about the operation of the company and the plant. Commonly called Key Performance Indicators (KPIs), these measurements offer a high level but targeted view of the […]

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Is your ERP taking forever to implement?

Is your ERP taking forever to implement?

Did you know that 50% of ERP projects fail as a general rule? When it takes too long to implement, it is a telling sign that you might join this unfortunate statistic. When implementing an Enterprise Resource Planning (ERP) system, […]

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