Three Critical In-plant Trends for 2010
To stay in business, in-plants need to measure their financial performance, improve their productivity and respond to customers’ changing needs.
Different organizations use different metrics. Some of the more common metrics to benchmark include:
• Budgeted Hourly Rates
• Total Cost of Operation
• Break-even Analysis
• Make vs. Buy Analysis
• Application Analysis
• Cost per Product
• Competitive Pricing
• Industry Ratios
The point here is that all in-plants should get a head start on measuring and tracking their financial and operational metrics and work on improving them—before you need to.
Howie Fenton is an independent consultant who focuses on analyzing/benchmarking the performance of printing operations. Fenton helps companies use metrics, best practices and workflow strategies to streamline operations. Call (720) 872-6339 or email howie@howiefentonconsulting.com
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