The Universal Selection Source:
Coatings Ingredients

Paint Manufacturers Can Increase Profits Today

SpecialChem / Jul 8, 2009

One of the most overlooked sources of profit in a paint manufacturing organization is in the existing business processes. Much attention is spent on gaining new sales or adding new products and little energy is focused on existing business. While adding new sales is an important element to the life and success of any company, immediate profits can be found in your existing product mix and with your existing customers.We will explore three things you can do today to ensure your organization is getting the most out of the operations of the existing business without changing much of what you are doing. We will focus on the following areas of your business: reduce inventory shrinkage, reduce formula loss and follow up on sample opportunities.Most formula manufacturing companies create formulas in R&D and then work with production to scale the formula to production volumes. Once the formula has been run in production for a few months a theoretical production yield is established. After that time little attention is placed on the actual yield of the formula.

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