VLOG: Steps 4-6 of 9 Steps to In-plant Profitability Series
This vlog is part two of a three-part series about the nine steps that I see that in-plants need to take to increase their financial stability. While not every in-plant has an operating model to be profitable, in-plants can use these steps to ensure that they are meeting their financial goals.
I’ve found that many in-plants only focus on a few of the steps. I thought that it would be helpful to discuss all nine steps in detail. In part one of this nine-steps series, I outlined all nine steps and talked about the first three steps (accurate costs, workflow automation, and up-to-date staffing strategy).
In this video, I outline steps four through six, which are productive procedures, happy customers, and the need for good metrics and KPIs.
In part three of the vlog series I’ll cover the last three of the nine steps- profits and pricing strategy, utilization and growth and value-added products.
Learn More- Attend the Nine Steps Webinar on 3/3/20
Register now for a special webinar about the topic sponsored by RSA called, “Nine Steps to In-plant Financial Stability.” I’ll be presenting the nine steps in detail for In-plant Impressions on March 3rd at 2pm ET. In the webinar you’ll learn more from me about the steps, get exclusive tips and ideas, and all attendees will receive our special “Nine Steps for In-plant Financial Stability Resource Guide.”