Abstract
This chapter addresses critical management control factors that affect the overall profitability of a flexible packaging operation. In this regard, maximizing the productive use of time and the incorporation of raw material into saleable product are critical. The custom, make-to-order nature of the business makes the classic cost-accounting notion of “economic order quantity” critical for success in the industry. The concept, called “minimum job size” in the industry, greatly impacts the amount of wasted time and material experienced. This chapter explores the causes of such waste. It anticipates topics addressed in subsequent chapters that help the converter to improve profitability and competitiveness.
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