July 2013

Max Profit #5 – Strategic Planning for Job Shops Budgeting

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Maximizing Profitability the TOC Way #5   This is the fifth in the series of conversations. Brad:  “Let’s talk about job shop strategy.  After all, it’s that time of year again.” Dr. Lisa:  “Yes, in the big companies you and I used to work for, the budgeting process starts early and continue for weeks and weeks – almost interminably.” Brad:  “In […]

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Job Shop Productivity and Machine Shop Productivity – Max Profit Part 4

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Maximizing Profitability the TOC Way #4 – Job Shop Productivity & Machine Shop Productivity This is the fourth in the series of conversations. Brad:  “So you have recommended that improving productivity is a great first step for maximizing profitability for highly custom job shops and machine shops.  But that first step of cutting work-in-process (WIP) seems so counterintuitive.  Can you […]

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Maximizing Job Shop and Machine Shop Profitability the TOC Way part 3

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  This is the third in the series of conversations on the maximizing profitability of job shops and machine shops the Theory of Constraints way! Brad:  “If a job shop or machine shop business owner could start (1) by improving company productivity, or (2) by improving the company’s offer to its market segment, which would you recommend first?” Dr. Lisa:  “I can make […]

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Job Shop and Machine Shop Profitability part 2

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Job Shop Profitability This is the second in the series of conversations. Brad:  “Just what should a highly custom job shop or machine shop company set as a profitability goal?  What is reasonable?  How high is up?” Dr. Lisa:  “I’ll give you Dr Eliyahu Goldratt’s answer and then I give my more direct answer.  Dr. Goldratt stated that profitability goal of the […]

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