The Italian Trade Commission (ITC) is hoping that its free "best practices" white paper - "Smart Capital: The Sharp Manufacturer's Guide to Equipment Purchases" - will help U.S. manufacturers boost their performance and profitability while building long-term customer value.
The ITC commissioned industry experts John R. Brandt and George Taninecz, both of the Manufacturing Performance Institute as well as former editors of IndustryWeek, to develop what has become "an eight-step process to make sure that [manufacturers] select the right equipment from the right vendor under the right conditions to serve their needs today and tomorrow." Their paper outlines the step-by-step actions and policies that plant managers, purchasing executives, and senior management must implement together to avoid the common pitfalls when making capital equipment investments.
"The strategy and procedures outlined in 'Smart Capital' will provide new insights for even the most seasoned purchasing professional," says Dr. Paola Bellusci, Trade Commissioner, ITC - Chicago.
"This best practices paper captures Brandt and Taninecz's considerable knowledge and expertise in an easy-to-read document that will be an indispensable guide to purchasing equipment for any industry segment." Bellusci adds that the "Smart Capital" guide is about "more than finding the most inexpensive equipment. It's about what we in Italy truly believe - that real value can only be achieved by taking a creative and flexible approach to every situation."