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Maximizing Profitability Series

Financial Dashboard for Job Shops and Machine Shops

Key Financial Metrics for Job Shops and Machine Shops Metrics are a key part of managing any job shop and tracking financial health. You want enough metrics in your financial dashboard to keep the pulse of what’s going on, but not too many. Too many metrics can be time consuming to enter, but even if you could automatic them — […]

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Job Shop Scheduling – Backlog Problems (Max Profit #9)

by Dr Lisa Lang

Job Shop Scheduling – Sales Backlog, Is it too Big or too Small? By Dr Lisa Lang and Brad Stillahn This article is copyrighted by Science of Business, Inc. 2013 Visit our Re-post guidelines. Brad: “It is common for job shop owners and managers to keep a close eye on the size of their Sales Backlog. It is a barometer of how things […]

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Max Profit #5 – Strategic Planning for Job Shops Budgeting

by Dr Lisa Lang

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

by Dr Lisa Lang

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

by Dr Lisa Lang

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

by Dr Lisa Lang