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Book covers costs spectrum of plastics processing
A
Smithers Rapra product story
Edited by the Manufacturingtalk editorial team
Apr 25, 2002
Cost Management in Plastics Processing - Strategies, Target, Techniques and Tools - examines issues from how costs are calculated, to the effective use of machines and labour.
Cost Management in Plastics Processing - Strategies, Target, Techniques and Tools - this latest book from Rapra Technology, Europe's leading independent plastics and rubber consultancy and publishing house, examines the issues from how costs are calculated, to the effective use of machines and labour, to minimisation of waste.
* What is the true cost of any project? * Are the overheads properly allocated? * When is investment in new technology required? * Are your best customers nurtured or treated like the rest? * Do you hold too much inventory using up cash? These are just a few of the subjects discussed in this provocative book.
The book begins by looking at traditional methods of accounting and costing and whether these are helpful or accurate for project management.
When costs need to be reduced, why is it that the labour force is targeted first? In 1996 the direct labour costs of manufacturing operations were only 10% of the total costs, while company overheads amounted to 35%.
What about examining the overheads and finding ways to reduce them? The author argues that the largest costs should be tackled first, as these are the areas where the biggest savings can potentially be made.
Design is critical to the cost of any project! * Are components made using too much material? * Are there too many unnecessary features and not enough that the customer really wants? * Is the material in use over-specified (materials constitute one of the largest costs in any project)? The advantages of working in cells and using smaller machines are described.
Finding out where bottlenecks occur and solving the problems surrounding them is also discussed.
Energy efficiency is another big area for improvement in many companies and costs can be reduced significantly.
Practical examples of cost management in plastics processing are included, together with many useful flow charts and diagrams to illustrate the points under discussion.
This is a book that will make you think about your current practices and how to go forward with effective cost management.
The author, Dr Robin Kent has degrees in polymer engineering and polymer physics.
Since 1972 Dr Kent has been involved with plastics processing in a variety of sectors ranging from extrusion to injection moulding.
He has also been heavily involved in PVC-U extrusion and windows since 1981.
He has many years of experience in product design having worked as Technical Director for several of the major plastics processing companies in the UK and Europe.
The book retails at GBP100 US$150 or EUR 170 (plus postage and packaging) and is available along with further details from www.polymer-books.com .
(This was Manufacturingtalk's Top Story on 24 April 2002).
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