Engineering Innovative Methods to Increase Profit

Engineering Innovative Methods to Increase Profit
Speaker(s)

Norm Rodriques – Springfield Spring

Session

Concurrent Session 3

Track

Day & Time

Thursday, May 6th, 4:00 - 5:30p

Description

Same Great Norm – Fresh New Topic for 2010! If PROFIT is the vehicle that keeps your company moving forward than PEOPLE is the fuel that gets you there. Engineering Innovative Methods to Increase Profit starts with motivating, inspiring and training your employees, at all levels of your organization, to understand the “Line-of Sight” correlation between basic business-process improvements and the effect these improvements have on maintaining or increasing profit. Innovations in basic business processes such as: marketing, new customer qualification, branding, employee cross-training, production throughput efficiencies, individual work order profit variance analysis and reductions in non-value added movement can all contribute to increases in profit. Shift from benchmarking Sales Growth to Profit /Sales Growth as key transition and paradigm for your OBM program. Scorecards can be developed to track many profit-related metrics as well.