Management

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10 attributes of a successful printing & packaging solution provider (part 1)

September 25, 2019 | Daywey Chen

Overall the years, we have worked with many printing & packaging solutions providers. We have objectively observed the goods and the bads of these solution providers. There is no one right recipe to success. Yet, there are common attributes among the successful ones. Check to see if your company have displayed the following attributes...

5 things to look for when selecting your production planning system for your factory

July 18, 2019 | Daywey Chen

System needs to be introduced to record daily operational information to help the staff make good decisions. At the same time providing data for future analysis and for future improvements. Some joke that the ultimate goal is to have a “monkey” to be operationally capable.

Want to save cost? Start with your work safety

July 12, 2019 | Daywey Chen

Under the competitive environment, companies have invested a large amount of time and resource into cost reduction. To reduce cost to increase profitability, to reduce cost to increase competitiveness. Companies look into areas like procurement to reduce the cost of material, to look into production planning to increase efficiencies, to look into human resource to cut unnecessary human resource budget. However, seldom do companies look into the financial benefit of work safety.

Color Consistency – starting with how accurate is your measurement system using a Gauge R&R study

June 24, 2019 | Daywey Chen

A global brand must have a consistent color regardless of the manufacturing location, and packaging must be produced using the same formula and action steps. There must be accurate reproduction on a variety of substrates, on multiple types of equipment, run by a variety of people. Using multiple different processes in all types of environment.

3 Scenarios where effective supply chain management increase value to the cycle

May 17, 2019 | Daywey Chen

Managing your supply chain is a difficult task. In today’s global economy where demands and supplies are at a global scale makes supply chain management even more challenging. However, there are technologies that exist today to help accomplish this challenge. According to IBM in 2017 alone, a typical supply chain accessed 50 times more data than just five years earlier. However, less than a quarter of this data is being analyzed. This means that many valuable insights are lost. As a result, making the supply chain less efficient than it could be otherwise.

Steps to help you reduce your production lead time

May 10, 2019 | Daywey Chen

The same sets of production machinery and tools can produce different results depending on how effectively you schedule your work. When we want to decrease the overall lead time. It is important to look at your production process as a whole. As a system that consists of multiple machines working together in designed order. You shouldn’t look at each machine or station individually. Looking at each machine individually will likely to lead you to bark up the wrong tree with no overall lead time improvement at the end of the day.

What You Should Know About The Printing Industry: Business Operation Strategies

June 28, 2018 | Daywey Chen

Looking into the business operation strategies to compete in the market. We are not going to talk about continuous improvement, hiring the right people, the importance of training or technology investment. All those are cliché being talked about in management schools and could be found in many online articles. Here, we are going to share four different business strategies from experience...

What You Should Know About The Printing Industry: SME Sell-off Strategies

June 15, 2018 | Daywey Chen

Approaching the buyers mind from the quantitative and qualitative point of view. Quantitative factors include trend demonstrating revenue growth, earning growth, EBITDA margins at 12% or more, no account concentration above 20%....

What You Should Know About The Printing Industry: Merger & Acquisition Trend

June 1, 2018 | Daywey Chen

M&A reasons from the buyer and seller perspective. According to Capstone Partners, there were 88 disclosed M&A deals in 2011 and 133 deals in 2016 within the USA printing and packaging industry. In terms of selling value, according to Mesirow Financials, the average EBITDA multiples for packaging M&A transactions had grown from 5.9x in 2008 to 8.9x in 2017, a 50-percentage increase

UV Ink Could Help Your Plant Save Up to 200K Annually

January 19, 2018 | Daywey Chen

Discuss the potential cost savings that could be generated by UV inks from 5 different factors: ink cost, increase production hour, scrap reduction, reduce ink washup and increase run speed.

Management

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