MAXIMIZING PROFITABILITY: Data-Driven Solutions for the Packaging Industry

Using data and business intelligence to drive efficiency and profits

Printing and packaging organizations depend on correct cost rates to produce estimates that reflect actual costs, make informed pricing decisions, track job costs, measure cost effectiveness and profitability, and sustain a prosperous business. Join us for an informative webinar presented by Florida Graphics Alliance.

WEBINAR

When: Jun 11, 2024 10:30 AM Eastern Time (US and Canada)

Topic: Maximizing Profitability: Data-Driven Solutions in the Packaging Industry

LINK: https://us02web.zoom.us/webinar/register/WN_41JzzZOfSoWTNInFkGiH6A

If you don’t know your costs, you’re lost.

Are you able to quickly benchmark your costs against the industry? Can you do it in a matter of seconds without causing any delays for your business, which could potentially result in lost sales? With today’s volatile economy, printing organizations must be armed with the best possible information and tools to sustain the business and support future growth. The latest industry budgeted hourly rates and cost analysis software is one of the most valued tools for our industry.

It’s all about the data.

How can we steer clear of errors and time drains linked to manual data collection in production? Simply relying on automated data collection isn't sufficient anymore. What is truly needed is a swift and precise comparison between planned and actual production costs, customized exactly to shop floor processes and individual company needs.

The webinar, which takes place June 11, will discuss cost rates and benchmarking and how to use technology to support growth. It's about strategizing how, where, and when to allocate resources for maximum efficiency. And by incorporating top industry benchmarks into the mix, a company can elevate operational management to the next level.

Hosted by Florida Graphic Alliance, with presenters from Profectus and HiFlow Solutions, this important webinar will help you unlock insights into your costing process so that profitability drives every quote.

What we'll cover:

• How to determine the fixed costs, variable costs, labor costs, and contribution margin of your equipment & services

• Improving your pricing strategy by avoiding low-margin orders and winning high-profit orders

• How to capture real costs in the production process through automating data collection

• Data visualization and business intelligence to drive efficiency and profits

• Benchmarking the effectiveness of production workflow

• Benchmarking labor, factory, and overhead costs and rates against other organizations

LINK: https://us02web.zoom.us/webinar/register/WN_41JzzZOfSoWTNInFkGiH6A

Author: Jack J Lafler