by Ashley Turrell, membership and analytics director MAPP When developing and evaluating machine rates for injection molders, there is hardly a one-size-fits-all option. Instead, a myriad of factors come into play, and those variables are unique to each company. Instead of looking at machine rates as a snapshot of data, molders should dive deeper into what variables need to … [Read more...] about What’s in a Machine Rate?
Articles
KPI: The Need to Measure
by Michael J. Devereux II, CPA, CMP, partner Mueller Prost Measurement. It is one of the best tools we have at our disposal for improvement. But what metrics are important to measure? Every plastics processor uses some sort of key performance indicators (KPI) to assess how the company is performing. However, performance is a relative term, and while some performance metrics … [Read more...] about KPI: The Need to Measure
Injection Molders Expand Business Through Proprietary Products
by Katy Ibsen, contributing writer Plastics Business Injection molders invest time, skill and capacity to meet the needs of their external customers. Those customers, after all, are the lifeblood of the business – the determiners of the bottom line. However, some molders have an internal customer in the form of a proprietary product that can fill the void in custom work, add … [Read more...] about Injection Molders Expand Business Through Proprietary Products
Four Ways Plastics Providers Combine KPIs to Accelerate Growth
by Louis Columbus, principal IQMS The fastest-growing plastics processors and manufacturers excel at combining efficiency and production-based key performance indicators (KPIs) to gain in-depth insights and capitalize on them more quickly than their competitors. Central to these companies growing 10% a year or faster is their ability to combine analytics, business … [Read more...] about Four Ways Plastics Providers Combine KPIs to Accelerate Growth
SEA-LECT Teaches Entrepreneurs to Design for Plastics
by Liz Stevens, contributing writer Plastics Business Innovation. It’s in the DNA for a plastics injection molder in the Pacific Northwest and prominently featured in the company’s description: “We started in plastics with the purpose of engineering innovations into reality.” This company doesn’t just operate with this guiding principle, it reaches out to inform and support … [Read more...] about SEA-LECT Teaches Entrepreneurs to Design for Plastics