Doing business today, is no longer a static proposition. Driven by dynamic forces, it is an undertaking that is both exciting and challenging and requires constant reevaluation.
“Value” in manufacturing is often defined as the ratio of “function” to “cost.” “Function” brings the product to life. “Cost” is the amalgamation of elements such as raw materials, and production, including processes such as engineering, quoting, sales, purchasing, machine time, assembly, shipping, etc. Unfortunately, and as we all know, “Cost” is not simple to control.
“Value” can also be defined as the opportunity to implement improvements that will allow customers to remain competitive in the marketplace. At Precision Plus (PPI), we strive to deliver that value.