Gene Hubbard

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  • Gene Hubbard
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    Ok, so a traditional analysis would account for the purchase, operating and maintenance costs, along with training, and any specialty materials used as adjuncts in the new process, compared to the existing process. However as you mentioned this new process would eliminate the need for certain reporting requirements and waste. These are not currently directly attributed to the existing cost of production for the parts on this line. You will need to pull them out of the overhead category of the accounts, and also estimate teh labor hours of supervising the haz waste, paperwork time of maintaining compliance logs, the training costs to keep staff up to date on the applicable regulations and practices, as well as any fees or taxes applied to the wastes from the current process. Now you can make a better comparison. If the new equipment is not a direct capital purchase, but instead some kind of operating lease, or rent-to-own, then those payments would need to taken year by year into the future (5 to 7 years usually for an operating lease) So you would be comparing 7 years of current production process, with 7 years of the proposed new process. You total each and see where they stand. If you want to get fancy, you can use a Net Present Value formula to convert all those “in the future” payments into a “today’s” value. Good luck! Let us know how it turns out.

    in reply to: Who inspired you to start? #2764
    Gene Hubbard
    Participant

    I was 15 and needed a Summer job that I could get to without a car. I found a small Machine shop about a 1 mile from my house, and wen to see if they had any openings for someone with no work experience. They offered me a decent hourly rate to clean up at the end of the day and help with other odd projects, but it afforded me a glimpse at how raw metal became valuable products. In this case it was landing lights for airports. The shop foremen took to showing me how the machines worked after the day was done. That’s all it took.

    in reply to: Which color LED Bulbs is best for lighting a factory floor? #2411
    Gene Hubbard
    Participant

    Hello – 3500 Kelvin is most common in restaurants and homes and looks the most like old-style incandescent light (yellowish). 4000 Kelvin color is what is found in fluorescent lighting. It will look more white than 3500 K, and often also a little pink. 5000 Kelvin light is more bluish, often compared to the light from the sun outside at noon. It has been shown to be the best for seeing fine details. 5000 Kelvin color light is also used to treat Seasonal Affective Disorder, or the Winter Blues, when people get depressed from not getting enough sunlight (Alaska, Sweden,etc…)

    in reply to: What is working for you today? #2372
    Gene Hubbard
    Participant

    Today – my KanBan is working really well. Glad I set it up and thanks to Factory oftheFuture.org for the ideas!

Viewing 4 posts - 1 through 4 (of 4 total)
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