Food and beverage manufacturers’ resources—capital, labor, and time—are already squeezed, so how are you ensuring your investment decisions are the right ones? In this 45-minute webinar, Tony Moses, PhD, Fellow of Product Innovation, puts this topic to our resident Lean Six Sigma Master Black Belt, Niranjan Kulkarni, PhD, with questions on common operational challenges that regularly lead to hefty capital expenses.
The duo will run through real-world examples and case studies of capital cost avoidance that might actually make your jaw drop. Imagine shifting from investing in a whole new packaging line to simply altering your schedules, or getting to the root of a malfunctioning piece of equipment’s problem so you no longer need to replace it years ahead of schedule. That’s the power of validating your CapEx projects. Kulkarni will walk through how he leverages data and simulated environments for these validations to explore alternative solutions to meeting your desired operating goal—which often translates to major cost avoidance.
The webinar will conclude with a live Q&A.