WEBCAST: Measure your equipment's total cost
ITT Industrial Process Group to discuss three critical factors in calculating TCO at September 30 Webcast.
Life-Cycle Costing: Essential Medicine for Surviving the Recession
September 30, 2010 02:00 PM EDT
Plant Engineering Editor Bob Vavra and experts from the ITT Industrial Process group will share an overview of a life-cycle costing formula and specific thoughts on ways to improve your bottom line. They will provide best-practice benchmarks for managing three critical factors that significantly influence the total cost of ownership for equipment, and the total operational costs for a manufacturing plant:
o Energy Consumption
o Maintenance Expense
o Inventory Management
By applying the same costing methods and operational practices in these areas as manufacturing leaders, attendees will learn how to survive and even improve profitability during the recession.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey