As a Global Account Executive, Mr. Whittaker works with top beverage manufacturers across the globe, ensuring multi-national accounts receive maximum return on their investment with InfinityQS. Whittaker has been supporting and partnering with InfinityQS Food and Beverage Industry clients for over 11 years.
2 of the Most Overlooked Ways to Gain ROI with Yield Improvement
In this four part series, we’ll reveal the places beverage manufacturers can delve into ROI, taking valuable information to your team and stakeholders in your quest for continuous improvement.
With companies running increasingly lean and consistently seeking more profitable cost efficiencies, deploying new software sparks important questions.
How Can I Obtain a Return on Investment?
The ProFicient Platform provides easy-to-access ROI to some of the most successful beverage plants, bottlers and other organizations who’ve implemented it. Despite being readily available, some users are unsure where to look in their quality data for significant returns – many of which are difficult to quantify, but provide long-term value. With extensive experience working with the top bottlers and manufacturing plants across the globe, we’ve pinpointed some of the most important (and often overlooked) categories for determining ROI.
For beverage companies, it’s imperative to look for opportunities to eliminate syrup waste and minimize overfill. Realize the ROI of manufacturing intelligence software by improving yield and eliminating waste that is associated with materials used to create a conforming product that is sold on store shelves.
It’s no secret that syrups and concentrates are among the most expensive ingredients for beverage makers. As a result, any waste that occurs during the mixing process can provoke a significant increase in production costs.
If you can leverage statistical process control (SPC) methodologies to bring the amount of syrup closer to target in each conforming product, you’ll increase the profit margins per bottle and obtain ROI.
Consider this scenario: A production line fills more than 90,000 12-ounce cans per hour. What if you could determine that each can was three milliliters over target?
Imagine if you could eliminate that overfill and still meet net content requirements?
Although seemingly small, savings associated with reducing overfill can have a powerful impact on your bottom line. Additionally, these savings are even more impactful when they are repeated across your entire enterprise.
By observing the average overfill for a production lot and number of units produced within that lot, you can associate a cost with how much excess product is given away. Looking at the average overfill number and process capability standard deviation, you can re-target and better control filling processes to reduce costs.
Determining ROI is important as you look to boost quality, eliminate waste and improve profitability. And it’s a number that many of your stakeholders and partners are interested in. By gaining insight into what ROI your manufacturing intelligence software is providing you and being able to communicate that return to your team and leaders, you can continue driving positive change among your processes and training with factual data and analysis.