PlasticsToday’s Management Blog: Getting to an improved bottom line

08/25/2011

As the shift to a more global marketplace continues and with it the use of international quality and financial reporting standards, the importance of bringing together professional accounting and manufacturing with experience will become even more pronounced. Company-wide process improvements contribute to financials and affect the P&L (profit and loss) by reducing the cost of operations, production and transaction.

For example, production processes affect quality/the environment, and the bottom line. Molding and extrusion machines, paint lines, energy use and landfill waste affect air, water, and soil issues. Companies around the world have been discussing quality and environmental questions since the 1960s and today successful firms typically run their manufacturing operations through a "quality/environmental kaizen" survey to find ways to improve production that also save energy and reduce waste....
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