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Reducing Job Shop Costs

 

I was just reading an article on CNCReport.com titled “Never Enough Magnetic Mounts”.  The author was calculating how much money you’d save if you invested in some magnetic strips to make finding tools faster and easier.  Here’s an excerpt from the article:

Hourly Pay Rate = $15 ($0.25/minute)

Time spent looking for a tool = 5 minutes

Times per week looking for a tool = 3

With these numbers in place it costs nearly $200 a year in lost time and money simply searching for a tool ($0.25 x 5 mins x 3 times a week x 52 weeks = $195). The math doesn’t lie so lets get some part numbers:

McMaster-Carr:

Magnetic Mount – $20 – 6613A24

Allen Wrench Set – $15 – 5709A52

Good Scissors – $9 – 7091A16

Box Cutter – $5 – 4927A11

Screwdriver Set – $14 – 5791A51

Spending about $70 will save time and $200. Did we miss anything?

YES!  But I don’t disagree with the recommendation, only the justification.

To determine if an investment of $70 is worth it, I would NOT calculate the cost savings as done in this article.  Why?  Because the reality is that your going to pay your people their hourly rate regardless of how they spend their time. You won’t actually get a reduction in their hourly rate. Saving time is NOT …

reducing job shop costs.

Instead, I would estimate how much additional Throughput you’d generate due to being able to reduceTime-is-NOT-money or eliminate time wasted looking for tools.  For most job shops and machine shops Throughput is sales minus raw material, outside processes, freight, and sales commission (if any).  Throughput is similar to margin but without direct labor.

Increasing Job Shop Throughput

For example, if you could ship one more $500 job per week and the Throughput on that job is $375, then you would easily and quickly recover the $70 investment with first additional job shipped (and paid for).

BUT BE CAREFUL!

When you’re considering how much additional Throughput you’ll get from an investment you have to be REAL.  If you put these magnetic strips at a non-constraint, the additional Throughput will be ZERO or very low. However, if you speed up your constraint, you can and will be increasing job shop throughput!

Job Shop Scheduling

Making sure that you have all the tools you need is part of getting “full kit” in Velocity Scheduling System.  VSS is for highly custom job shops and machine shops.  It is a visual, manual scheduling system.  My experience is that it usually pays to have full kit before releasing a job.

Learn how — check out the “How to Get More Jobs Done Faster” webinar.  In 47 minutes I explain how and why full kit along with other things can help you increase your Throughput with the same people and resources.  This, of course, means that your profits will increase.  And isn’t THAT really The Goal?

Wishing you success!

By Dr Lisa Lang

This article is copyrighted by Science of Business, Inc. All rights reserved.

Visit our Re-post guidelines.

http://www.velocityschedulingsystem.com/?p=2212

FOR IMMEDIATE RELEASE

Manufacturing Expert Dr. Lisa Lang Hits Amazon.com Best Seller List With “Trendsetters”

Dr. Lisa Lang, of the Science of Business, recently hit two separate Amazon.com best-seller lists with the new book Trend Setter cover“Trendsetters.”

Orlando, Fla. – October 6, 2011 – “Dr. Lisa” Lang, President of the Science of Business, recently joined a select group of business experts and entrepreneurs to collaborate and co-write the business and marketing book titled Trendsetters: The World’s Leading Experts Reveal Top Trends To Help You Achieve Greater Health, Wealth and Success! The book was released by CelebrityPress™, a leading business, marketing and health book publisher.

Trendsetters: The World’s Leading Experts Reveal Top Trends To Help You Achieve Greater Health, Wealth and Success! was released on Thursday, October 6, 2011 and features top advice from leading entrepreneurs, business owners and marketing experts from around the world. The authors tackle an array of subjects ranging from health, wealth, marketing and business success.

Dr. Lisa contributed a chapter titled “Velocity Manufacturing” which is based on her Velocity Scheduling System Coaching Program for scheduling highly custom job shops and machine shops.

On the day of release, Trendsetters reached best-seller status in two Amazon.com categories: Entrepreneurship and Direct Marketing.

Dr Lisa was selected by the editor for an Editor’s Choice Award for her Velocity Manufacturing chapter. And, after such a successful release she will be recognized by The National Academy of Best-Selling Authors™, an organization that honors authors from many of the leading independent best-seller lists.

Dr. Lisa is the President of the Science of Business and has recently worked with Dr Goldratt who is the father of Theory of Constraints and author of The Goal. Science of Business specializes in increasing profits of highly custom manufacturers and job shops by applying Theory of Constraints, Lean and Six Sigma to operations with Velocity Scheduling System and to engineering with Project Velocity System and to marketing with Mafia Offers.

About the Book:
Are YOU a TRENDSETTER? By definition, a Trendsetter is not a follower. So, what is a Trendsetter? Is it a leader? Leadership can mean leading in thought, word or deed, or some combination of all three. In the Business World, thought has no future if bounded by inaction – commonly referred to as ‘analysis paralysis’ – so thought and deed are invariably intertwined. Now combine those two with the ‘word’ portion of the trifecta of thought, word and deed, and now…we have the prospect of leadership and success. So, are you a Trendsetter? You may be. There is no prescription for one, but you can compare your goals and achievements with the benchmarks made by those in this book. In this book, we give you a number of our Celebrity Experts® who are Trailblazers and Trendsetters. They have done it! These are successful experts who made their mark and share with you how they and their concepts developed. Can Trendsetting be emulated? Absolutely, but you, yourself, will have to personally work through the stages of thought, word and deed…just like these leaders have. May you be crowned by your definition of Success! What you get by achieving your goals is not as important as what you become by achieving your goals. ~ Zig Ziglar

To order a copy of the book: http://ift.tt/2rIwyEX
About Celebrity Press™:

Celebrity Press™ is a business book publisher that publishes books from thought leaders around the world. Celebrity Press™ specializes in helping its authors grow their businesses through book publishing. Celebrity Press™ has published books alongside Brian Tracy, Dr. Ivan Misner, Ron LeGrand, Mari Smith, Kelly O’Neil, Alexis Martin Neely and many of the biggest experts across diverse fields.

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keywords:
Dr Lisa Lang, Dr Lisa, Velocity Manufacturing, custom manufacturing, Theory of Constraints, Velocity Scheduling System, Science of Business, CelebrityPress, business book, marketing book, business book publisher, marketing book publisher, business book publishing company

http://ift.tt/2rIoOD0

from Tumblr

This webinar replay is on exactly how to Get More Jobs Done Faster. It is NOT theory but a specific “how to”. This is the same program recommended by Westinghouse to their vendors and recommened internally to Schlumberger plants.

To participate LIVE in one of these webinars and to get YOUR questions answered, sign up here: http://ift.tt/2rEfAai

Space is limited to to ensure we get all your questions answered.

(replay no longer available, please sign up for our next webinar)

If you’re looking to  improve your scheduling and you own or run a job shop or machine shop, you don’t want to miss these insights!  This video will be taken down, so watch while you can.

Dr Lisa Lang (know as Dr Lisa) will be your webinar presenter.  She is a Theory of Constraints expert and recently worked for Goldratt Consulting owned by Dr Eliyahu M Goldratt, author of The Goal and father of Theory of Constraints.  Dr Lisa developed the Velocity Scheduling System Coaching Program to hand hold companies through the process of implementing the Theory of Constraints scheduling technique called Drum Buffer Rope.

Leave your questions on Velocity Scheduling System Coaching Program and tell me what you thought of the webinar.   Did you like it?  Did it answer any questions for you? CLICK THE COMMENT LINK ABOVE!!

http://ift.tt/2somqyf

from Tumblr

Contour Tool did not think it was possible to improve their scheduling  to substantially improve due date performance or ship more with fewer people, but they did just that and more with the Velocity Scheduling System.

Read their full success story and check out their results, here:  http://ift.tt/2rr7y42.

This is not your typical drum buffer rope or Theory of Constraints success story.  Contour is a highly custom machine shop with lots of chaos, ever changing customer needs, a moving constraint and in short, an environment where job shop scheduling is tough.

http://ift.tt/2so9AQO

from Tumblr

FOR IMMEDIATE RELEASE

Manufacturing and Theory of Constraints Expert Dr. Lisa Lang Shares Client Success Story

Tanya DiSalvo, President of Criterion Tool, shares her story of how her precision machine shop used Velocity Scheduling System to achieve record profits.

Green Valley, AZ – November 14, 2012 – “Dr. Lisa” Lang, President of the Science of Business and Theory of Constraints expert, is proud to share one of many client success stories. Tanya DiSalvo is the President of Criterion Tool (founded in 1953) and an active member of both NTMA (National Tooling and Machining Association) and PMPA (Precision Metal Products Association).  Tanya has utilized Dr. Lisa’s Velocity Scheduling System at her machine shop to improve on-time delivery and reduce lead times.

Tanya DiSalvo’s case study and success story (written by Mike Touzeau) can be found at http://ift.tt/2rGnMri

Here is an excerpt:

“It’s so different from what we’ve seen in the world of manufacturing that it sounded too good to be true. At first as a team we couldn’t get our arms around it, but Dr. Lisa said she was going to give me my money back if it didn’t work, so we were going to do everything she said.”

They liked the homework, but several of her 30 employees, including her dad, who was then  consulting and observing as he neared retirement, bet some real cash against her that it wasn’t going to work.

“I was pretty sure they thought this was just another flavor of the month. Before VSS we were all frustrated,” she remembers, because they were always  trying to manage the “slop,” as she calls it—the jobs that got bogged down and often carried into the next month,  with select customers always suffering.

Once they saw how the system could facilitate movement of jobs, things started clicking.

“As we worked through the Velocity Scheduling process, we got more and more in control. We could focus our resources where we needed them the most. We didn’t have to monitor the jobs, the deadlines, the priorities anymore.”

“It was all the  same people just changing their focus.”

To learn specifically what Tanya did to improve her machine shop scheduling, watch a 47 minute webinar on “How to Get More Jobs Done Faster” at http://ift.tt/2rEfAai

“Dr. Lisa” Lang is one of the foremost Theory of Constraints experts in the world and a sought after manufacturing expert having been named the 2012 Manufacturing Trendsetter in the USA Today for her inexpensive and guaranteed Velocity Scheduling System Coaching Program that has dramatically improved performance of well over 100 highly custom job shops and machine shops.  She has also appeared in CBS News, The Wall Street Journal, Finance.com, About.com, Gear Technology, CNBC, MoldMaking Technology, The Fabricator, NTMA’s The Record and many others. She is active in helping the reshoring of  manufacturing back to the U.S. and in the NTMA, PMA, and AMT communities having helped member companies to reduce their lead-times and improve due date performance. She worked with Dr. Goldratt who is the father of Theory of Constraints and author of the bestselling book, The Goal. Dr Lisa is the President of the Science of Business specializing in increasing profits of highly custom manufacturers by applying Theory of Constraints, Lean and Six Sigma (TLS) to operations with Velocity Scheduling System and to engineering/design with Project Velocity System and to marketing with her Mafia Offer Boot Camp.

###

Contact:

Dr Lisa Lang

Science of Business, Inc

DrLisa@ScienceofBusiness.com

 

keywords:

Dr Lisa Lang, Dr Lisa, Theory of Constraints, Velocity Scheduling System, job shop scheduling, machine shop scheduling, Goldratt, reshoring manufacturing, Success Story, Case Study

http://ift.tt/2sflhZT

from Tumblr

WEBINAR:  How to Get More Jobs Done Faster

Each webinar covers  exactly how to get MORE Jobs Done Faster.  We cover how scheduling is traditionally done and then we cover the Velocity Scheduling System approach.  During the webinar you learn what to go do TOMORROW!

Sign up here: http://ift.tt/2rEfAai

WARNING: The Velocity Scheduling System Coaching Program is NOT training. This is a go and do program. Only job shops ready to improve due date performance, cut lead-time through thier shop and who seriously want to reduce chaos should sign up.

Velocity Scheduling System is based on Goldratt Theory of Constraints Drum Buffer Rope and is for job shops looking for a better way to schedule their shop.

http://ift.tt/2snWnaJ

from Tumblr

FOR IMMEDIATE RELEASE

Manufacturing Expert Dr. Lisa Lang Discusses Theory of Constraints in Article

Dr. Lisa Lang, inventor of the Velocity Scheduling System, featured in a November 2011 article discussing her expertise in Theory of Constraints

Green Valley, AZ – October 10, 2012 – “Dr. Lisa” Lang, President of the Science of Business and inventor of the Velocity Scheduling System is featured in a November 2011 article in The Fabricator and TheFabricator.com, where she was interviewed about Theory of Constraints and Velocity Scheduling System.  The article also highlights two of Dr. Lisa’s clients, CMI Industry America and Guntert & Zimmerman.  The article, titled “High mix, fast delivery–on time: How high-mix, low-volume fabricators adapt the Theory of Constraints,” was written by Tim Heston.  Tim Heston explores how Dr. Lisa helped both clients utilize the Theory of Constraints to keep the chaos of their manufacturing in check, but allow for dealing with emergencies while increasing productivity.

Dr. Lisa remarks on the negatives of focusing on efficiency.   Below is an excerpt:

 TOC goes against traditional manufacturing thinking, in which workers produce more than is needed to reduce the number of setups and maximize the efficiency of all resources. The forecast, after all, says these parts will be needed eventually, so why not produce them now? The problem is, of course, that sales forecasts are notoriously inaccurate, so those parts may never be needed. Also, producing so many unneeded parts floods the floor with work-in-process (WIP), while jobs in queue sit for days or weeks waiting for large batches to work their way through.

Dr. Lisa offers her expertise throughout the article, which explores five main topics: “The Value of Throughput,” “The Importance of Flow,” “Drum-Buffer-Rope for High Mix,” “Full Kit and Accurate Information” and “Enabling Change.”

The full article can be found here: http://ift.tt/2rOvGPg

“Dr. Lisa” Lang is one of the foremost Theory of Constraints experts in the world and a sought after manufacturing expert having been named the 2012 Manufacturing Trendsetter in the USA Today for her inexpensive and guaranteed Velocity Scheduling System Coaching Program that has dramatically improved performance of well over 100 highly custom job shops and machine shops.  She has also appeared in CBS News, The Wall Street Journal, Finance.com, About.com, NY Daily News, CNBC, The Boston Globe, The Miami Herald, and others. She is active in helping reshore manufacturing back to the U.S. and in the NTMA, PMA, and AMT communities having helped member companies to reduce their lead-times and improve due date performance. She worked with Dr. Goldratt who is the father of Theory of Constraints and author of the bestselling book, The Goal.  Dr Lisa is the President of the Science of Business specializing in increasing profits of highly custom manufacturers by applying Theory of Constraints, Lean and Six Sigma to operations with Velocity Scheduling System and to engineering/design with Project Velocity System and to marketing with her Mafia Offer Boot Camp.

Learn more about Dr. Lisa and job shop scheduling at http://ift.tt/2qsxR6H and check out her 47-minute webinar “How To Get More Jobs Done Faster” at http://ift.tt/2rcFGRq/.

###

Contact:

Dr Lisa Lang

President, Science of Business Inc

DrLisa@ScienceofBusiness.com

keywords:

Dr Lisa Lang, Dr Lisa, Theory of Constraints, Velocity Scheduling System, high mix low volume, drum buffer rope, job shop scheduling, Goldratt

Links:

http://ift.tt/2so1984

http://bit.ly/WSz4zB

http://bit.ly/WSA4Ul

http://ift.tt/2rORL08

from Tumblr

FOR IMMEDIATE RELEASE

Manufacturing and Theory of Constraints Expert Dr. Lisa Lang Shares Client Success Story

Tanya DiSalvo, President of Criterion Tool, shares her story of how her precision machine shop used Velocity Scheduling System to achieve record profits.

 

Green Valley, AZ – November 14, 2012 – “Dr. Lisa” Lang, President of the Science of Business and Theory of Constraints expert, is proud to share one of many client success stories. Tanya DiSalvo is the President of Criterion Tool (founded in 1953) and an active member of both NTMA (National Tooling and Machining Association) and PMPA (Precision Metal Products Association).  Tanya has utilized Dr. Lisa’s Velocity Scheduling System at her machine shop to improve on-time delivery and reduce lead times.

Tanya DiSalvo’s case study and success story (written by Mike Touzeau) can be found at https://www.velocityschedulingsystem.com/site/wp-content/uploads/2012/10/Tanya_Success_Story_v5.pdf

Here is an excerpt:

“It’s so different from what we’ve seen in the world of manufacturing that it sounded too good to be true. At first as a team we couldn’t get our arms around it, but Dr. Lisa said she was going to give me my money back if it didn’t work, so we were going to do everything she said.”

They liked the homework, but several of her 30 employees, including her dad, who was then  consulting and observing as he neared retirement, bet some real cash against her that it wasn’t going to work.

“I was pretty sure they thought this was just another flavor of the month. Before VSS we were all frustrated,” she remembers, because they were always  trying to manage the “slop,” as she calls it—the jobs that got bogged down and often carried into the next month,  with select customers always suffering.

Once they saw how the system could facilitate movement of jobs, things started clicking.

“As we worked through the Velocity Scheduling process, we got more and more in control. We could focus our resources where we needed them the most. We didn’t have to monitor the jobs, the deadlines, the priorities anymore.”

“It was all the  same people just changing their focus.”

To learn specifically what Tanya did to improve her machine shop scheduling, watch a 47 minute webinar on “How to Get More Jobs Done Faster” at https://www.velocityschedulingsystem.com/webinar/

“Dr. Lisa” Lang is one of the foremost Theory of Constraints experts in the world and a sought after manufacturing expert having been named the 2012 Manufacturing Trendsetter in the USA Today for her inexpensive and guaranteed Velocity Scheduling System Coaching Program that has dramatically improved performance of well over 100 highly custom job shops and machine shops.  She has also appeared in CBS News, The Wall Street Journal, Finance.com, About.com, Gear Technology, CNBC, MoldMaking Technology, The Fabricator, NTMA’s The Record and many others. She is active in helping the reshoring of  manufacturing back to the U.S. and in the NTMA, PMA, and AMT communities having helped member companies to reduce their lead-times and improve due date performance. She worked with Dr. Goldratt who is the father of Theory of Constraints and author of the bestselling book, The Goal. Dr Lisa is the President of the Science of Business specializing in increasing profits of highly custom manufacturers by applying Theory of Constraints, Lean and Six Sigma (TLS) to operations with Velocity Scheduling System and to engineering/design with Project Velocity System and to marketing with her Mafia Offer Boot Camp.

###

Contact:

Dr Lisa Lang

Science of Business, Inc

DrLisa@ScienceofBusiness.com

 

keywords:

Dr Lisa Lang, Dr Lisa, Theory of Constraints, Velocity Scheduling System, job shop scheduling, machine shop scheduling, Goldratt, reshoring manufacturing, Success Story, Case Study

http://www.velocityschedulingsystem.com/?p=1654

WEBINAR:  How to Get More Jobs Done Faster

Each webinar covers  exactly how to get MORE Jobs Done Faster.  We cover how scheduling is traditionally done and then we cover the Velocity Scheduling System approach.  During the webinar you learn what to go do TOMORROW!

Sign up here: https://www.velocityschedulingsystem.com/webinar/

WARNING: The Velocity Scheduling System Coaching Program is NOT training. This is a go and do program. Only job shops ready to improve due date performance, cut lead-time through thier shop and who seriously want to reduce chaos should sign up.

Velocity Scheduling System is based on Goldratt Theory of Constraints Drum Buffer Rope and is for job shops looking for a better way to schedule their shop.

https://velocityschedulingsystem.wordpress.com/?p=449

Dr Lisa was featured in the Fall 2011 Wire Forming Technology International magazine with an article titled: Velocity Manufacturing: Stop focusing on efficiency and focus on velocity to reduce lead and queue times, and to increase lead-time predictability, on-time deliveries, quality and cash flow.

The article explains how highly custom job shops and machine shops can schedule and change their thinking using Goldratt’s Theory of Constraints to get more jobs done faster with the same people and resources.

You can check it out here: WFTI Fall 2011 Velocity Manufacturing Article

http://www.velocityschedulingsystem.com/?p=1308

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What VSS clients are saying …

“Lisa, Thanks for all of your help throughout the years. Your recommendations have helped us reduce our turnaround time by at least 50%! I hope you and your future clients have the same successes we have had. To all of your prospects out there I would say: If you have a custom job shop, "Dr. Lisa" and the Theory of Constraints will help you acheive the goals that seem impossible! Thanks again!” Vern Harris

"We decreased the time it takes to get a job to get thru the job. Using the visual VSS board gives all the employees a chance to see what is going on." John Popescu (also check out John's video by clicking on the Testimonials and Case Studies at the top left of this page).

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