Pennies still matter in the food industry. The smallest of cost improvements is a big deal. The improvements discussed above are just the tip of the iceberg.
Manufacturers must maximize the utilization of their biggest and best asset – their employees – to drive cost reductions, streamline processes and eliminate waste throughout the entire supply chain.
If you haven’t done so already, challenge your supervisors and teams to look for process improvements and reward them for finding them.
Richard Feldt, CPA, is a partner in the Manufacturing & Distribution Services Group for national accounting firm, RubinBrown. Feldt specializes in audit and the management of Sarbanes-Oxley engagements for clients in the food and manufacturing and distribution industries.