Reply by AandCstyle

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Posted on Serious upgrades needed

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3211 posts in 2671 days

#1 posted 10-05-2018 09:54 PM

The low-cost producer will be the successful one in the long term. Look at your cost structure and determine where your greatest opportunity lies, most likely that will be labor, aka your time. Which operations require the most of your time? What can you do to significantly increase your efficiency in those tasks? Put your money toward those items which offer the highest/fastest payback. These items might not require any new machinery, e.g. it might be a process change. As an example, would your stock supplier deliver to you rather than you picking it up? I hope these random thoughts help.

-- Art

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