How Job Costing and Automation Can Boost Bottom Line
David Bentley, general manager for EFI (Booth 8233), provided multiple ways that printers can maximize their bottom line by increasing productivity and efficiently using the workforce to its full potential.
In Thursday’s presentation, “Positively Impact Your Bottom Line Today,” Bentley first discussed automation’s impact. Automating and streamlining practices like order processing, warehousing, print, and beyond can eliminate touchpoints and unnecessary costs.
He estimated that a single touchpoint costs $10 to $15. If a touch per job is $10, and the shop handles on average 30 jobs a day for 250 days in a year, that’s $75,000. Every subsequent touchpoint on a job increases that number exponentially and eat away at profits.
Looking into what processes can be eliminated from the schedule and where time and resources can be better allocated can make an enormous difference.
“Automation, for me, is a requirement for business today or business in the future,” Bentley said.
Additionally, printers can “measure twice and cut once” by giving facts, rather than estimates. They can reduce their inventory to products that are in demand enough to turn a consistent profit, and also eliminate waste.
By analyzing unnecessary touches, and identifying redundancies in the process, printers can increase their bottom lines significantly.