PRLog - Nov. 19, 2012 - WINTER PARK, Fla. -- “Dr. Lisa” Lang, President of the Science of Business, recently contributed a feature article to MoldMaking Technology Magazine. The article, titled “Making Your Technology Investment Pay Off,” offers four key questions to ask yourself before each purchase to make sure your technology investments provide a reasonable rate of return.
Dr. Lisa writes, “Ask yourself, what benefit will any technology bring if we neglect to change the rules? If we keep doing things the same way only faster—what benefit will there be? And sometimes the answer is none or very little. If we obey the same rules, we are acting as if the limitation is still there and still being limited. How many companies do you know that have implemented technology of some kind and as a result of this technology their profits have increased substantially?
The four questions that Dr. Lisa suggests are: “What is the main power of the technology?” “What limitation does this technology diminish?” “What rules helped you to accommodate the limitation?” and ”What rules should we use now (with this new technology)?”
“You don’t always need new technology or people to substantially reduce your leadtimes, substantially increase your due date performance or substantially reduce your chaos. I’m not against new technology. I’m against spending money on technology that does not lead to bottom-line results,” writes Dr. Lisa.
The full article can be found here: http://www.moldmakingtechnology.com/
“Dr. Lisa” Lang is one of the foremost Theory of Constraints experts in the world and a sought after manufacturing expert having been named the 2012 Manufacturing Trendsetter in the USA Today for her inexpensive and guaranteed Velocity Scheduling System Coaching Program that has dramatically improved performance of well over 100 highly custom job shops and machine shops. She has also appeared in CBS News, The Wall Street Journal, Finance.com, About.com, Gear Technology, CNBC, NY Daily News, The Fabricator, NTMA’s The Record and many others. She is active in helping the reshoring of manufacturing back to the U.S. and in the NTMA, PMA, and AMT communities having helped member companies to reduce their lead-times and improve due date performance. She worked with Dr. Goldratt who is the father of Theory of Constraints and author of the bestselling book, The Goal. Dr Lisa is the President of the Science of Business specializing in increasing profits of highly custom manufacturers by applying Theory of Constraints, Lean and Six Sigma (TLS) to operations with Velocity Scheduling System and to engineering/
Learn more about Dr. Lisa at http://www.velocityschedulingsystem.com/