Improving Machine Shop Profit

Brian Norris, vice president for marketing for Sandvik Coromant, said machine shops can improve their profit by taking four steps:

• Evaluate and benchmark existing processes.
• Assess the existing cost structure.
• Develop a plan for improvement.
• Deliver the results.
  
  Put another way, Norris said these steps can be stated as follows:
  
  • Survey where you are.
  • Recommend changes.
  • Prove the changes.
  • Implement the proposed changes and reap the savings.

  Whichever way the steps are stated, Norris said they lead to efficiency and improvements and put more money on the bottom line.

  Norris spoke at Mazak Corp. (U.S.A.)’s Manufacturing Technologies for Global Competitiveness conference held in December.