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Advice for Reducing Material Waste
November 11, 2008 |Estimated reading time: Less than a minute
NEW YORK David R. Butcher from Industrial Market Trends, Thomas Publishing Company, outlines the industrial manufacturing world's response to energy costs and the price of raw materials. He notes that rising costs on both fronts have made 93% of midsized manufacturers nervous about raw materials costs, and 67% are worried about energy costs.
Reducing material waste means greater resource efficiency, less pollution, and more profits. Each dollar saved on raw materials costs goes straight to the bottom line, Butcher asserts. He cites research done by Prime Advantage, a buying consortium serving midsized manufacturers, among 72 senior-level representatives of industrial manufacturing companies; as well as sustainable business resource Envirowise.
Butcher says that before you can eliminate raw material waste, you need to be able to identify it. To do this, every aspect of the production process should be addressed and tracked.
For more on reducing material waste via inventory control, reuse/reprocessing, and design initiatives, read the full article or visit news.thomasnet.com/IMT/index.html.