by Ryan Thompson, Murphy Company As more corporations respond to an anemic world economy by putting capital improvement programs on a starvation diet, the age-old question asked in every cyclical downturn surfaces anew - "Is cutting capital improvements the right decision?" In some industries, the answer is "yes," but for many, it is not. There is a strong case to be made … [Read more...] about Investing in Energy-Saving Improvements
Financial Strategy
Estimating and Selling Are Two Different Functions
by Mark Porter, Dienamic MIS There are many reasons to automate the estimating function within your bindery. Faster, more consistent estimates. Re-quotes are much faster. Allows you to spend more time planning the job then crunching numbers. Letter of Confirmation faxed or e-mailed provides a more professional image. Estimate history allows you to find and … [Read more...] about Estimating and Selling Are Two Different Functions
Investing in Equipment: Look Before You Leap
by: Brian J. Marder It's time to invest in machinery! There are a multitude of scenarios that have driven you to this conclusion. Perhaps this is something you have thought about in the past, but now the decision has become unavoidable. But where do you start? And what should you look for? Upgrade or Stagnate For whatever reason, you have concluded that there is no … [Read more...] about Investing in Equipment: Look Before You Leap
Maximizing Yields in the Bindery
by Kevin Rickard In our highly competitive graphic arts industry, labor costs, raw material costs, the bottom line and most importantly, client goodwill are on the firing line every time a job is produced. An effective quality assurance program and reducing spoilage are vital in maximizing yields. Let's first look at quality assurance from a bindery's perspective. Suppose a … [Read more...] about Maximizing Yields in the Bindery
Building Profit Through Accounts Receivable Practices
by: Andrea Schlack All too often business people center their growth strategies upon "getting the sale" as opposed to what happens after the job is delivered and money has not been paid for the job. This is through no fault of their own. The goal of this and future articles is to help businesses determine those strategies for credit management that can help minimize bad debt … [Read more...] about Building Profit Through Accounts Receivable Practices